Presentation and Disclosure in Financial Reporting

The following data for 2020 relate to Hay Industries, a worldwide conglomerate Sales to unafted Intersement customers Operating profit Identifable assets loss Food $ 300,000 $50,000 $ 45,000 $ 310,000 Chemical 110.000 40.000 22.000 150,000 Textiles 65.000 5,000 18.000 60,000 Furniture 48.000 9.000 40,000 Beverage 62.000 10,000 18000 60.000 pi 75,000 12.0003 25.000 Cost of goods sold Operating expenses Food $91,500 ? Chemical 38,100 2 23.100 54,600 Furniture 51,700 27,300 Beverage 16.100 2 pil 5,100 11900 REQUIRED Answer the following questions related to Hay's required segment disclosure and show computations Determine which of the operating segments are reportable based on the Revenue test i Operating profit (loss) test Identifiable assets test Is additional reportable segment under 75t revenue satisfied? Show the computations Prepare the necessary operating segment disclosures required by IFRS b) The following data for 2020 relate to Hay Industries, a worldwide conglomerate Sales to unafted Intersement customers Operating profit Identifable assets loss Food $ 300,000 $50,000 $ 45,000 $ 310,000 Chemical 110.000 40.000 22.000 150,000 Textiles 65.000 5,000 18.000 60,000 Furniture 48.000 9.000 40,000 Beverage 62.000 10,000 18000 60.000 pi 75,000 12.0003 25.000 Cost of goods sold Operating expenses Food $91,500 ? Chemical 38,100 2 23.100 54,600 Furniture 51,700 27,300 Beverage 16.100 2 pil 5,100 11900 REQUIRED Answer the following questions related to Hay's required segment disclosure and show computations Determine which of the operating segments are reportable based on the Revenue test i Operating profit (loss) test Identifiable assets test Is additional reportable segment under 75t revenue satisfied? Show the computations Prepare the necessary operating segment disclosures required by IFRS b)