Solution-Determine which operating segments are reportable

Determine which operating segments are reportable

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Question - Sweet Corporation is divided into the following operating segments, based on the geographical region that relate to each segment:

Segments	Revenue	Pro?t (Loss)	Assets
A	$123,900	($23,700)	$1,164,800
B	393,200	87,100	373,100
C	64,600	91,700	86,200
D	89,500	17,000	37,000
E	267,600	(5,900)	585,600

Required -

Q1. Determine which operating segments are reportable under IFRS based on each of the following. Show your calculations.

a. Revenue test

b. Operating profit (loss) test

c. Asset test

Q2 After completing all three tests, which segments must be reported separately for Sweet Corporation? Show your calculations.

Reference no: EM132504534

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Determine which operating segments are reportable

Reference no: EM132504534

Reference no: EM132504534

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