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Rho Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management separately to the executives and
Rho Company is a furniture manufacturer. For internal reporting purposes, products are grouped into seven categories, which are reported management separately to the executives and board of directors. Following are the categories and their revenues, profit/loss, and identifiable net assets for 2021: Category Beds Bureaus Sofas Dining tables/chairs Hutches Tables Desks Revenues Profit/(Loss) Net Assets Identifiable 600,000 90,000 500,000 650,000 (40,000) 550,000 250,000 25,000 250,000 275,000 50,000 400,000 225,000 (20,000) 200,000 200,000 34,000 150,000 700,000 150,000 475,000 2,900,000 289,000 2,525,000 Total What segments would Rho need to report for 2021? How would they be reported
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