Cheung San Co. assesses performance and makes operating decisions using the following information for reportable segments: Total revenue 9,250,000 Total profit 830,000 Included in the profit is interest expense P100,000. In addition, the entity has P15,000 of interest income for reportable segments that is not included in the reports used internally.

Cheung San Co. assesses performance and makes operating decisions using the following information for reportable segments: Total revenue 9,250,000 Total profit 830,000 Included in the profit is interest expense P100,000. In addition, the entity has P15,000 of interest income for reportable segments that is not included in the reports used internally.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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
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?
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