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E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments
E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages W5,000,000 Toiletries 10,000,000 Medicine 12,000,000 Forestry 2,000,000 Farming 8,000,000 Others 500,000 Intersegment sales are as follows: 1 Medicine W800,000 Forestry 500,000 Farming 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting, 3. Prepare a reconciliation of segment revenue with corporate revenue. E 15-2 Apply threshold test-disclosure Oppa Corporation operates in various industries within Korea. It segments the business based on industry. Total sales of the segments are as follows: Food and beverages W5,000,000 Toiletries 10,000,000 Medicine 12,000,000 Forestry 2,000,000 Farming 8,000,000 Others 500,000 Intersegment sales are as follows: 1 Medicine W800,000 Forestry 500,000 Farming 300,000 REQUIRED 1. Determine which segments are reportable under each of the possible alternative threshold tests. 2. Prepare a schedule suitable for disclosing the reportable segments for external reporting, 3. Prepare a reconciliation of segment revenue with corporate revenue
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