Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operating segments for the current year:In its segment information for the current year, how many reportable segments does Hyams have?a. Threeb. Fourc. Fived. Six TotalOperating SegmentProfit (Loss)Assets at 12/31Revenues$13,000,0009,500,0005,500,0003,000,0002,000,0002,000,000$2,000,000$15,000,00011,000,0003,000,0007,500,000(1,000,000)400,0002,000,000300,000Total$35,000,000$3,500,000$43,000,000

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Total Operating Segment Profit (Loss) Assets at 12/31 Revenues $13,000,000 9,500,000 5,500,000 3,000,000 2,000,000 2,000,000 $2,000,000 $15,000,000 11,000,000 3,000,000 7,500,000 (1,000,000) 400,000 2,000,000 300,000 Total $35,000,000 $3,500,000 $43,000,000

Total Operating Segment Profit (Loss) Assets at 12/31 Revenues $13,000,000 9,500,000 5,500,000 3,000,000 2,000,000 2,000,000 $2,000,000 $15,000,000 11,000,000 3,000,000 7,500,000 (1,000,000) 400,000 2,000,000 300,000 Total $35,000,000 $3,500,000 $43,000,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Hyams Corp. engages solely in manufacturing operations. The following data pertain to the operating segments for the current year:
In its segment information for the current year, how many reportable segments does Hyams have?
a. Three
b. Four
c. Five
d. Six

Total
Operating Segment
Profit (Loss)
Assets at 12/31
Revenues
$13,000,000
9,500,000
5,500,000
3,000,000
2,000,000
2,000,000
$2,000,000
$15,000,000
11,000,000
3,000,000
7,500,000
(1,000,000)
400,000
2,000,000
300,000
Total
$35,000,000
$3,500,000
$43,000,000

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