Ivanhoe Company is involved in four separate industries. The following information is available for each of the four industries.Operating Profit (Loss)$16,780Operating SegmentTotal RevenueIdentifiable Assets$63,800$160,370X10,9902,55080,185Y27,500(3,240)19,3557,7101,21016,590$110,000$17,300$276,500Determine which of the operating segments are reportable based on the:Reportable Segments(a)Revenue test.(b)Operating profit (loss) test.(c)Identifiable assets test.

Revenue Test: Based on this test segments whose revenue is 10% or more than 10% will be reportable…

Ivanhoe 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) $16,780 Identifiable Assets $160,370 w $63,800 10,990 2,550 80,185 Y 27,500 (3,240) 19,355 7,710 1,210 16,590 $110,000 $17,300 $276,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.

Ivanhoe 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) $16,780 Identifiable Assets $160,370 w $63,800 10,990 2,550 80,185 Y 27,500 (3,240) 19,355 7,710 1,210 16,590 $110,000 $17,300 $276,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter12: Balanced Scorecard And Other Performance Measures

Section: Chapter Questions

Problem 3PA: Macon Mills is a division of Bolin Products. Inc. During the most recent year, Macon had a net...

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