Question
Waterway Industries and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the
Waterway Industries and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2021.
Assets
Industry
Revenue
Profit
12/31/21
A
$ 7870000
$1322000
$16000000
B
6310000
1124000
14010000
C
4400000
965000
10200000
D
2600000
432000
5160000
E
3300000
548000
5590000
F
1200000
177000
2420000
$25680000
$4568000
$53380000
In its segment information for 2021, how many reportable segments does Waterway have?
Six
Five
Four
Three
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Financial Accounting
Authors: Libby, Short
6th Edition
978-0071284714, 9780077300333, 71284710, 77300335, 978-0073526881
