Question - Segmented Reporting
LaGreca Company is involved in four separate industries. The following information is available for each of the four industries.
|
Operating Segment
|
Total Revenue
|
Operating Profit (Loss)
|
Identifiable Assets
|
|
W
|
$ 60,000
|
$15,000
|
$167,000
|
|
X
|
10,000
|
1,500
|
83,000
|
|
Y
|
23,000
|
(2,000)
|
21,000
|
|
Z
|
9,000
|
1,000
|
19,000
|
|
$102,000
|
$15,500
|
$290,000
|
Instructions -
Determine which of the operating segments are reportable based on the:
(a) Revenue test.
(b) Operating profit (loss) test.
(c) Identifiable assets test.
Indicate in the table below whether the segment is reportable or not, based on either revenue, profit or identifiable assets.