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Given the information below, which segments should be reported? Industry Operating Revenue Profit (Loss) Assets Hotels...

Given the information below, which segments should be reported? Industry Operating Revenue Profit (Loss) Assets Hotels $460 $70 $770 Communications 50 8 100 Entertainment 40 7 50 Financial Services 70 5 20 Insurance 130 (25) 50 Totals $770 $65 $990 __________________________________________________ are reportable segments

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Answer #1
Industry Operating Revenue Profit/Loss Assets
Hotels $                        460.00 $        70.00 $ 770.00
Communications $                          50.00 $          8.00 $ 100.00
Entertainment $                          40.00 $          7.00 $    50.00
Financial services $                          70.00 $          5.00 $    20.00
Insurance $                        130.00 $      -25.00 $    50.00
Total Revenue and Assets $                        750.00 $ 990.00
Total Profit $        90.00
Total Loss $      -25.00
10% Criteria for Revenue and Assets $                          75.00 $    99.00
10% Criterai for Profit $          9.00
10% Criterai for Loss $        -2.50

A segment is reportable in following cases:-

A. If revenue of segment exceeds 10% of combined revenue - Hotels , Insurance

B. If assetd of segment exceeds 10% of combined total assets - Hotels, Communications

C. If Profit of segment exceeds 10% of combined profits(donot include segments with loss) - Hotels

D. If Loss of segment exceeds 10% of combined loss(donot include segments with profit) - Insurance

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