Problem 1 On January 1, 2019, HYBE Corp. enters into a contract with a customer for the sale of a machine and related one BIGHIT Corp. is preparing its year-end financial statements and has identifies the following operating segments: Segments Revenues Profit (Loss) Assets Jin 1,000,000 200,000 14,000,000 Jungkook 1,200,000 140,000 18,000,000 Namjoon 270,000 (70,000) 12,000,000 Taehyung 240,000 (700,000) 1,000,000 Jimin 290,000 50,000 1,400,000 Totals 3,000,000 (380,000) 46,400,000 Requirements: Identify the reportable segments. Problem 2 BT21 Inc. discloses supplemental operating segment information. The following information is available for the current year: Segments Revenues Profit (Loss) Assets Mang 800,000 200,000 10,000,000 Cooky 800,000 100,000 2,000,000 Tata 50,000 10,000 1,000,000 Shooky 150,000 20,000 2,000,000 Chimin 200,000 70,000 3,000,000 Additional Information: . For internal reporting purposes, segments Mang and Cooky are considered as one operating segment . Segment Chimin is considered as an operating segment for internal decision making . Segment Tata and Shooky have similar characterisitics and share a majority of the criteria Requirements: Identify the reportable segmentsProblem 3 RM Company and its divisions are engaged solely in manufacturing operations. The entity reported the following segment profits (loss) for the current year: V 3,400,000 W 1,000,000 X (2,000,000) Y 400,000 Z (200,000) 2,600,000 In the segment information for the current year, what are the reportable segments? Problem 4 Suga Company provided the following data for the current year: Sales 60,000,000 Cost of goods sold 28,000,000 Expenses 14,000,000 Depreciation 4,000,000 Income tax expense 4,000,000 The entity has two major reportable segments, X and Y. An Analysis revealed that 1,000,000 of the total depreciation expenses and 2,000,000 of the expenses are related to general corporate activities. The remaining expenses and sales are directly allocable to segment activities according to the following percentages: Segment X Segment Y Others Sales 40% 45% 15% Cost of goods sold 35 50 15 Expenses 40 40 20 Depreciation 40 45 15 What amount should be reported as profit of Segment X?Problem 5 information on 3T5 Corp's operating segments is shown below: Segments Dvnamite Boy with LLi'u' Mic Drop External Revenues 4,000,000 3,000,000 3. 200.000 2,400,000 Internal Revenue: 300,000 400,000 1,000,000 640,000 Prot [Loss] 0200,0001 {120,000} 000,000 1, 030,000 20,000,000 5,200,000 3,600,000 7,200,000 1,200,000 {30,000} 3,200,000 Telepathv 000,000 {120,000} 4,000,000 Requirements: a. Identify' the reportable segments under the quantitative thresholds of PFRS E. b. Determine whether the reportable segments meet the limit on external revenues under PFRS 3. 0. Determine the minimum amount of revenue that warrants disclosure of a major customers GEN 010 ENHANCEMENT FUR in. 4 NOTES PART 2 Problem 6 Scamml.l Corp, provided the following information for the current vea r: The entlt-i,r reported indirect expenses of $01,000,000, general corporate expenses of P2,000,000, interest expense of P1,00EI,000 and income tax expense of P800000. The interest expense and income tax expense are regularlv reviewed by the chief operating decision matter as a measure of profit or loss. Appropriate common expenses are allocated to segments based on sales. Requirement: what is Segment Billboard's prot for the current year