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Required: Calculate, explain, and determine which of the segments are reportable based on the 75 percent combined revenue test! Please use excel to calculate them
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Calculate, explain, and determine which of the segments are reportable based on the 75 percent combined revenue test! Please use excel to calculate them
| Product Segment | ||||||
| A | B | C | D | TOTAL | ||
| Sales to nonaffiliates | $50.000 | $150.000 | $175.000 | $75.000 | $450.000 | |
| Intersegment sales | $10.000 | $30.000 | $40.000 | $80.000 | $160.000 | |
| Total revenue | $60.000 | $180.000 | $215.000 | $155.000 | $610.000 | |
| Operating profit (loss) | $5.000 | $30.000 | ($5.000) | $40.000 | $70.000 | |
| Identifiable assets | $50.000 | $75.000 | $300.000 | $400.000 | $825.000 | |
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Auditing
Authors: Alan Millichamp, John Taylor
11th Edition
1473749301, 978-1473749306
