Question
Ina Company, a publicly-owned entity, assesses performance and makes operating decisions using for the reportable segments total revenue of P7,680,000 and total profit and loss
Ina Company, a publicly-owned entity, assesses performance and makes operating decisions using for the reportable segments total revenue of P7,680,000 and total profit and loss of P406,000. the total profit and loss included intersegment profit of P61,000. In addition, the entity has P5,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision maker. For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?
a. 345,000
b. 406,000
c. 350,000
d. 411,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started