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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