Yogi Thcl LTD is a manufacturer and distributor of computers of related products. The company has three
Question:
Yogi Thcl LTD is a manufacturer and distributor of computers of related products. The company has three segments of computer monitors. Softwares and keyboards. Each segment generates its revenue from sales to external customers and from intra entity sales. Financial information is provided below.
Segment Revenue Expenses Assets
Monitors 520.000 538.000 1.600.000
Software 724.000 427.000 1.130.000
Keyboards 93.000 190.000 41.000
- Required
- 1. Calculate the reporting thresholds for revenue, results and assets according to AASB 8 operating segments. Show all your working. A table is not required
- 2. Using your calculation in (A) above, discuss which segments are reportable operating segments and explain the reason why. According to AASB 8 operations segments. Provide an overall conclusion in your answer.
- 3. Calculate and explain whether the 75% revenue benchmark test has been satisfied. Include working in your answer.
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer