Question

Operating profits and losses for the seven industry segments of Marin Corporation are:         Penley    ...

  1. Operating profits and losses for the seven industry segments of Marin Corporation are:

        Penley                 $ 93                            Cheng             $(20)

        Konami                (41)                            Takuhi               35    

        KSC                        27                            Molina             151   

        Red Moon               54                                                               

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

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Answer #1

Reportable Segment = Total Operating Profit X 10%

Reportable Segment = $299 X 10%

Reportable Segment = $29.9

Therefore Penley, Red Moon, Takuhi and Molina meet the revenue test as their revenue are exceed from $29.9

Note: Since in the question percentage of reportable segment is not given therefore we use 10 % to calculate reportable segment.

I hope this clear your doubt.

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