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Question 6 (Segment Reporting) Chinese Corporation is a diversified company that operates in five different industries: Cashew Chicken, Beef & Broccoli, Mongolian Beef, Sweet &

Question 6 (Segment Reporting)

Chinese Corporation is a diversified company that operates in five different industries: Cashew Chicken, Beef & Broccoli, Mongolian Beef, Sweet & Sour Pork, and Sesame Chicken. The following information relating to each segment is available for 2014.

Cashew Chicken Beef & Broccoli Mongolian Beef Sweet & Sour Pork Sesame Chicken
Sales Revenue $ 40,000 $ 75,000 $ 580,000 $ 35,000 $ 55,000
COGS $ (19,000) $ (50,000) $ (270,000) $ (19,000) $ (30,000)
Operating Expenses $ (10,000) $ (40,000) $ (235,000) $ (12,000) $ (18,000)
Total Expenses $ (29,000) $ (90,000) $ (505,000) $ (31,000) $ (48,000)
Operating Profit (Loss) $ 11,000 $ (15,000) $ 75,000 $ 4,000 $ 7,000
Identifiable Assets $ 35,000 $ 80,000 $ 500,000 $ 65,000 $ 50,000

Determine which of the segments are reportable.

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