FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Corycorn Corp. and its divisions (each is an operating segment) are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the operations conducted for the yaer ended December 31, year 1:

(Industry Operating Segment)          Total revenue        Operating profit          Identifiable assets at 12/31/Y1

                  A                                      P10,000,000          P1,750,000                P20,000,000

                  B                                         8,000,000              1,400,000                  17,500,000

                  C                                         6,000,000               1,200,000                  12,500,000

                  D                                         3,000,000                 550,000                     7,500,000

                  E                                          4,250,000                 675,000                     7,000,000

                  F                                          1,500,000                 225,000                     3,000,000

                                                            P32,750,000             P5,800,000                P67,500,000

 

1. In its segment information for year 1, how many reportable segments does Corycorn have?

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