determine which of the operating segments are reportable based on the 592590
(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.