WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified as reportable segment?
WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified as reportable segment?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit
or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss,
Segment D P9,000,0000 loss, and Segment E P2,000,000 profit.
What is the minimum operating profit or loss for a segment to be classified as reportable segment?
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