Question
Kurves Corp. had six different operating segments reporting the following operating profit and loss figures: Segment Profit or (Loss) A $ 112,000 B (196,000 )
Kurves Corp. had six different operating segments reporting the following operating profit and loss figures:
| Segment | Profit or (Loss) | ||
| A | $ | 112,000 | |
| B | (196,000 | ) | |
| C | 1,316,000 | ||
| D | 616,000 | ||
| E | (126,000 | ) | |
| F | (140,000 | ) | |
Which one of the following statements is true?
Segment C is not a reportable segment based on this test.
Segment E is a reportable segment based on this test.
Segment A is a reportable segment based on this test.
Segment D is a reportable segment based on this test.
Segment B is not a reportable segment based on this test.
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Contemporary Auditing Issues And Cases
Authors: Michael Chris Knapp
3rd Edition
0538891173, 9780538891172
