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Determine which of the segments are reportable

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Reference no: EM131749132

Question: Metlock Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2018.

A

B

C

D

E
Sales revenue
$39,300
$74,500

$569,900
$35,000
$54,500
Cost of goods sold
18,800
50,400

267,900
19,300
29,900
Operating expenses
10,200
39,900

237,900
12,100
18,000
Total expenses
29,000
90,300

505,800
31,400
47,900
Operating profit (loss)
$10,300
$(15,800)
$64,100
$3,600
$6,600
Identifiable assets
$35,700
$80,500

$502,100
$65,500
$50,800

Metlock Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2018.

A

B

C

D

E
Sales revenue
$39,300
$74,500

$569,900
$35,000
$54,500
Cost of goods sold
18,800
50,400

267,900
19,300
29,900
Operating expenses
10,200
39,900

237,900
12,100
18,000
Total expenses
29,000
90,300

505,800
31,400
47,900
Operating profit (loss)
$10,300
$(15,800)
$64,100
$3,600
$6,600
Identifiable assets
$35,700
$80,500

$502,100
$65,500
$50,800

Sales of segments B and C included intersegment sales of $20,400 and $98,400, respectively.

(a) Determine which of the segments are reportable based on the:


Reportable Segment
(1)
Revenue test.

Entry field with correct answer ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E
(2)
Operating profit (loss) test.

Entry field with incorrect answer ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E
(3)
Identifiable assets test.

Entry field with incorrect answer ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E

Reference no: EM131749132

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