An entity has identified the following business segments: Segment 1 has revenue of 70,000, all external. Its profit is 10,000 and its assets 50,000. Segment 2 has revenue of 35,000, of which 30,000 relates to sales to other segments of the entity. Its profit is 1,000 and is assets 4,500. Segment 3 has revenue of 13,000, all external. Its profit is 1,000 and its assets 5,000. Segment 4 has revenue of 12,500, all external. Its profit is 500 and its assets 3,000. All of the segments have different economic characteristics. Which, as a minimum, of the segments are reportable under PFRS 8?
An entity has identified the following business segments: Segment 1 has revenue of 70,000, all external. Its profit is 10,000 and its assets 50,000. Segment 2 has revenue of 35,000, of which 30,000 relates to sales to other segments of the entity. Its profit is 1,000 and is assets 4,500. Segment 3 has revenue of 13,000, all external. Its profit is 1,000 and its assets 5,000. Segment 4 has revenue of 12,500, all external. Its profit is 500 and its assets 3,000. All of the segments have different economic characteristics. Which, as a minimum, of the segments are reportable under PFRS 8?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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An entity has identified the following business segments: Segment 1 has revenue of 70,000, all external. Its profit is 10,000 and its assets 50,000. Segment 2 has revenue of 35,000, of which 30,000 relates to sales to other segments of the entity. Its profit is 1,000 and is assets 4,500. Segment 3 has revenue of 13,000, all external. Its profit is 1,000 and its assets 5,000. Segment 4 has revenue of 12,500, all external. Its profit is 500 and its assets 3,000. All of the segments have different economic characteristics. Which, as a minimum, of the segments are reportable under PFRS 8?
CHOICES:
1, 2 and 3 only
1 and 2 only
1 only
All of them
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