Question
Data for the seven operating segments of Illiana Products follow: Segments Revenues Segment Profit (Loss) Segment Assets Electronics 42000 -8600 73000 Bicycles 105000 30400 207000
Data for the seven operating segments of Illiana Products follow:
| Segments | Revenues | Segment Profit (Loss) | Segment Assets |
|---|---|---|---|
| Electronics | 42000 | -8600 | 73000 |
| Bicycles | 105000 | 30400 | 207000 |
| Sporting Goods | 53000 | -4900 | 68000 |
| Home Appliances | 147000 | 23000 | 232000 |
| Gas and Oil Equipment | 186000 | 11700 | 315000 |
| Glassware | 64000 | -19100 | 96000 |
| Hardware | 178000 | 38600 | 194000 |
| Total | 775000 | 71100 | 1185000 |
Included in the $105,000 revenue of the Bicycles segment are sales of $25,000 made to Sporting Goods segment.
Required:
a. Which segments are separately reportable?
| Segment | Revenue | Profit (Loss) | Assets |
| Electronics | |||
| Bicycles | |||
| Sporting Goods | |||
| Home Appliances | |||
| Gas and Oil | |||
| Glassware | |||
| Hardware | |||
| Segment revenue greater than: | 77500 | ||
| Segment profit or loss greater than: | 10370 | ||
| Segment Profit | 103700 | 10370 | |
| Segment Loss | -32600 | -3260 | |
| Segment assets greater than: | 118500 |
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Advanced Financial Accounting
Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker
10th edition
78025621, 978-0078025624
