PLEASE ANSWER WITH SOLUTIONS Use the following information for the next two (2) questions:Rift Stalk has the following information for its five business segments for the year 2016:SegmentExternal RevenueInternal RevenueSegment profit (loss)Segment assets15,000,0004,000,0002,000,000A6,000,00010,000,0004,500,000(3,000,000)5,000,0002,500,000(2,500,000)600,000C1,000,0004,000,000D1,500,000700,0002,000,000E500,000300,000(1,500,000)1,000,000Based on revenue test, which of the foregoing are reportable segments?AА, В, СВ.А, В., С, DС. А, В, С, D, ED. A, BBased on profit or loss test, how many reportable segments?A 2В. 3С. 4D. 5

The segment is reportable if internal + external revenue is 10% or more of total revenue of all…

e the following information for the next two (2) questions: IStalk has the following information for its five business segments for the year 2016: Segment assets 10,000,000 Segment External Revenue Internal Revenue Segment profit (loss) 6,000,000 (3,000,000) (2,500,000) 600,000 4,000,000 2,000,000 A 15,000,000 4,500,000 5,000,000 C 2,500,000| 1,500,000 1,000,000 700,000 4,000,000 2,000,000 1,000,000 D 500,000 300,000 (1,500,000) Based on revenue test, which of the foregoing are reportable segments? С. А, В, С, D, E A А, В, С В. А, В, С, D D. A, B Based on profit or loss test, how many reportable segments? С. 4 A В. 3 D. 5

e the following information for the next two (2) questions: IStalk has the following information for its five business segments for the year 2016: Segment assets 10,000,000 Segment External Revenue Internal Revenue Segment profit (loss) 6,000,000 (3,000,000) (2,500,000) 600,000 4,000,000 2,000,000 A 15,000,000 4,500,000 5,000,000 C 2,500,000| 1,500,000 1,000,000 700,000 4,000,000 2,000,000 1,000,000 D 500,000 300,000 (1,500,000) Based on revenue test, which of the foregoing are reportable segments? С. А, В, С, D, E A А, В, С В. А, В, С, D D. A, B Based on profit or loss test, how many reportable segments? С. 4 A В. 3 D. 5

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 90PSA

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