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Determine which of the operating segments are reportable

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Reference no: EM131790783

Question - 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.

Indicate in the table below whether the segment is reportable or not, based on either revenue, profit or identifiable assets.

Reference no: EM131790783

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