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Exercise 24-3 Crane Company is involved in four separate industries. The following information is available for each of the four industries Total Revenue Operating Profit
Exercise 24-3 Crane Company is involved in four separate industries. The following information is available for each of the four industries Total Revenue Operating Profit Loss Identifiable Assets Operating $63,800 10,990 27,500 7,710 $110,000 $160,370 80.185 19,355 16,590 $276,500 $16,780 2,550 (3,240) 1.210 $17,300 Determine which of the operating sogments are reportable based on the (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test. VIDEO SIMILAR EXERCISE a z
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