Problem

Jarvis Corporation has six different operating segments reporting the following operating...

Jarvis Corporation has six different operating segments reporting the following operating profit and loss figures:

K

$ 80,000 loss

N

$440,000 profit

L

140,000 profit

 O

 90,000 profit

M

940,000 loss

P

100,000 profit

With respect to the profit or loss test, which of the following statements is not true?

a. K is not a reportable segment based on this one test.

b. L is a reportable segment based on this one test.

c. O is not a reportable segment based on this one test.

d. P is a reportable segment based on this one test.

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