Solved

Conglomerate Entity (CE) Has Identified Three Segments on December 31

Question 21

Essay

Conglomerate Entity (CE) has identified three segments on December 31, 20X7. In 20X7, CE had total revenue of $60.4 million, total profit of $10.5 million and total assets of $12 million.
Which of CE's segments are reportable?
 Segment  Revenues  Segment  P &L  in millions  Segment  Assets  Segment A 42.06.312.8 Segment B 10.44.51.2 Segment C 8.00.3)1.0 Total 60.410.515.0\begin{array} { | l r r r | } \hline & \begin{array} { c } \text { Segment } \\\text { Revenues }\end{array} & \begin{array} { c } \text { Segment } \\\text { P \&L } \\\text { in millions }\end{array} & \begin{array} { c } \text { Segment } \\\text { Assets }\end{array} \\\hline \text { Segment A } & 42.0 & 6.3 & 12.8 \\\text { Segment B } & 10.4 & 4.5 & 1.2 \\ \text { Segment C } & \underline { 8.0 } & \underline { 0.3 ) } & \underline { 1.0 } \\\text { Total } & \mathbf { 6 0 . 4 } & \mathbf { 1 0 . 5 } & \mathbf { 1 5 . 0 } \\\hline\end{array}

Correct Answer:

verifed

Verified

Threshold amounts:
blured imageTotal revenue: $6.04 ...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents