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What amount should be reported as segment profit

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Problem 1: A public owned entity assesses performance and makes operating decisions using the reportable segments total revenue of P7,700,000 and total profit and loss of P500,000. The total profit and loss including inter-segment profit of P50,000. In addition, the entity has P10,000 of common costs for the reportable segments that are not allocated in reports reviewed by the chief operating decision maker. For purposes of segment reporting, what amount should be reported as segment profit of the reportable segments?

a. 460,000

b. 450,000

c. 510,000

d. 500,000

Reference no: EM132888846

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