Question
Information on an entity's operating segments is shown below: Operating Segments External Revenue Internal Revenue Total Revenue Profit (Loss) Identifiable Assets A 1,200,000 200,000 1,400,000
- Information on an entity's operating segments is shown below:
Operating Segments | External Revenue | Internal Revenue | Total Revenue | Profit (Loss) | Identifiable Assets |
A | 1,200,000 | 200,000 | 1,400,000 | (300,000) | 5,000,000 |
B | 900,000 | 120,000 | 1,000,000 | (180,000) | 1,300,000 |
C | 800,000 | 250,000 | 1,050,000 | 220,000 | 900,000 |
D | 600,000 | 160,000 | 760,00 | 270,000 | 1,800,000 |
E | 300,000 | - | 300,000 | (20,000) | 800,000 |
F | 200,000 | - | 200,000 | (30,000) | 1,200,000 |
Totals | 4,000,000 | 710,000 | 4,710,000 | (40,000) | 11,000,000 |
Requirements:
- Identify the reportable segments under the quantitative thresholds of PFRS 8.
- Determine whether the reportable segments meet the limit on external revenues under PFRS 8.
- Determine the minimum amount of revenue that warrants disclosure of a major customer.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
