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24 November, 06:35

Operating profits and losses for the seven industry segments of Cullumber Corporation are:

Penley $94 Cheng $ (18)

Konami (41) Takuhi 34

KSC 27 Molina 136

Red Moon 50

Based only on the operating profit (loss) test, which industry segments are reportable?

Penley ReportableNot Reportable Cheng ReportableNot Reportable

Konami ReportableNot Reportable Takuhi ReportableNot Reportable

KSC ReportableNot Reportable Molina ReportableNot Reportable

Red Moon ReportableNot Reportable

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Answers (1)
  1. 24 November, 06:53
    0
    Penley Reportable

    Cheng Not Reportable

    Konami Reportable

    Takuhi Not Reportable

    KSC Reportable

    Molina Not Reportable

    Red Moon Reportable

    Explanation:

    total profits pf projectable segments

    = 94 + 18 + 41 + 27 + 136 + 50

    = $400

    operating profit (loss) test = $400*10%

    = $40
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