Reportable Segments
Amalgamated Products has seven operating segments. Data on the segments are as follows:
Segments | Revenues | Segment Profit (Loss) | Segment Assets |
Electronics | $ 42,000 | $ (8,600) | $ 73,000 |
Bicycles | 105,000 | 30,400 | 207,000 |
Sporting Goods | 53,000 | (4,900) | 68,000 |
Home Appliances | 147,000 | 23,000 | 232,000 |
Gas and Oil Equipment | 186,000 | 11,700 | 315,000 |
Glassware | 64,000 | (19,100) | 96,000 |
Hardware | 178,000 | 38,600 | 194,000 |
Total | $775,000 | $71,100 | $1,185,000 |
Included in the $105,000 revenue of the Bicycles segment are sales of $25,000 made to the Sporting Goods segment.
Required
a.Which segments are separately reportable?
b.Do the separately reportable segments include a sufficient portion of total revenue? Explain.
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