Question
Segment Reporting A consolidated company has the following business segments: Segment Revenues Operating Profit (Loss) Identifiable Assets Alpha $750,000 $125,000 $950,000 Bravo 1,250,000 200,000 1,500,000
Segment Reporting
A consolidated company has the following business segments:
| Segment | Revenues | Operating Profit (Loss) | Identifiable Assets |
| Alpha | $750,000 | $125,000 | $950,000 |
| Bravo | 1,250,000 | 200,000 | 1,500,000 |
| Charlie | 400,000 | 70,000 | 500,000 |
| Delta | 275,000 | (82,000) | 345,000 |
| Echo | 865,000 | 130,000 | 1,100,000 |
| Foxtrot | 640,000 | 152,000 | 620,000 |
| Golf | 515,000 | (25,000) | 650,000 |
| Hotel | 710,000 | 100,000 | 900,000 |
Identify which business segments need to be reported separately according to the following tests:
1. The revenue test
2. The operating profit (loss) test
3. The identifiable assets test
In summation, which segments need to be identified separately?
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Financial Accounting An Introduction
Authors: Jacqui Kew, Alex Watson
4th Edition
0199046484, 978-0199046485
