How much should company report as operating profit

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Reference no: EM132784869

Bumper campayhas three lines of twatthig, act of which was Ito be reportable segment. Bumper Company sales aggregated P15,000,000 in 2014 of which segment #1 contributed 40,6ffrarrahle costs were P3,500,000 for September to November out of a total of P10,000,000 for the company as a whole. For internal reporting, Bumper gamacommon costs of P3,000,000 based on the ratio of a segments income before common costs.

Problem 1: In its 2014 financial statements, how much should company report as operating profit for segment no. 1?

(a) P750,000

(b) P1,000,000

(d) P2,000,000

Reference no: EM132784869

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