Question
Larkspur Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment Total Revenue Operating Profit
Larkspur 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 | $62,756 | $16,680 | $157,876 | ||||
| X | 10,810 | 2,540 | 78,938 | ||||
| Y | 27,050 | (3,220) | 19,054 | ||||
| Z | 7,584 | 1,200 | 16,332 | ||||
| $108,200 | $17,200 | $272,200 | |||||
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. | select an operating segment WXYZW & XW & YW & ZX & YX & ZY & ZW, X & Y |
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Mileage Log Book
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1st Edition
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