Question
Carlton Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit
Carlton Company is involved in four separate industries. The following information is available for each of the four industries.
| Operating Segment |
| Total Revenue |
| Operating Profit (Loss) |
|
| Identifiable Assets |
| W |
| $77,604 |
| $16,209 |
|
| $166,692 |
| X |
| 12,042 |
| 1,504 |
|
| 83,346 |
| Y |
| 33,450 |
| (2,173) |
| 20,118 | |
| Z |
| 10,704 |
| 1,170 |
|
| 17,244 |
|
|
| $133,800 |
| $16,710 |
|
| $287,400 |
Determine which of the operating segments are reportable based on the:
| Reportable Segments | ||
| (a) | Revenue test. | WXYZW & XW & YW & ZX & YX & ZY & ZW, X & Y |
| (b) | Operating profit (loss) test. | WXYZW & XW & ZX & YX & ZY & ZW & Y |
| (c) | Identifiable assets test. | WXYZW & XW & YW & ZX & YX & ZY & ZW, X & Y |
Show work please. Figure out which segments (w,x,y,z) go for a,b, and c. Thank you!
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Financial And Managerial Accounting
Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka
14th International Edition
0071101217, 9780071101219
