Question

Exercise 24-3 Riverbed 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 $17,360 2,610 $57,478 9,900 24,775 6,947 $99,100 169,940 84,970 20,510 17,580 $293,000 (3,320) 1,250 $17,900 Determine which of the operating segments are reportable based on the Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test. LINK TO TEXT VIDEO: SIMILAR EXERCISE Question Attempts: 0 of 3 usedSAVE FOR LATER SUBMIT ANSWER

Answer 1

ANSWER:-

		Reportable Segments
(a)	Revenue test.	Operating Segment W and Y since there revenue exceeds 10% of the total revenue
(b)	Operating profit (loss) test.	Operating Segment W, X and Y since there profit or loss exceeds 10% of the absolute figure of profit since profits is higher than loss when we combine all the segments
(c)	Identifiable assets test.	Operating Segment W and X since there identifiable assets exceeds 10% of the total identifiable assets
Total Profit of profitable segments= 17360 + 2610 + 1250	21220

if you have any query please ask me in comment box iam here to helps you dont give direct Thumbs down.if you satisfied my work give Thumbs UP .....

Thank you