Question
Indigo Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit
Indigo 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 | $55,796 | $15,220 | $182,990 | ||||
| X | 9,610 | 2,410 | 91,495 | ||||
| Y | 24,050 | (3,020) | 22,085 | ||||
| Z | 6,744 | 1,090 | 18,930 | ||||
| $96,200 | $15,700 | $315,500 | |||||
Determine which of the operating segments are reportable based on the:
| Reportable Segments | ||||
|---|---|---|---|---|
| (a) | Revenue test. | select an operating segment WXYZW & XW & YW & ZX & YX & ZY & ZW, X & Y | ||
| (b) | Operating profit (loss) test. | select an operating segment WXYZW & XW & ZX & YX & ZY & ZW, X & Y | ||
| (c) | Identifiable assets test. |
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Whispers In The Auditing Room
Authors: Azhar UL Haque
1st Edition
B0C63ZTK27, 979-8223789352
