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Merriweather Company, a publicly-held firm, is completing its 10-K report for fiscal 2020. Merriweather considers that it is involved in five separate lines of business.

Merriweather Company, a publicly-held firm, is completing its 10-K report for fiscal 2020. Merriweather considers that it is involved in five separate lines of business.

The following information is available, from which Merriweather must determine which segments are reportable and what that disclosure should look like.

Line of business

Total revenue

Operating Profit or (loss)

Identifiable assets

Children's wear

120,000,000

30,000,000

167,000,000

Women's wear

20,000,000

3,000,000

52,000,000

Men's wear

46,000,000

2,000,000

145,000,000

Outerwear

18,000,000

(1,050,000)

45,000,000

Foot wear

22,000,000

(9,600,000)

140,000,000

Total

226,000,000

24,350,000

549,000,000

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