ORANGE Company and its divisions are engaged solely in manufacturing. The following data pertain to the operating segments in which operations were conducted for the year ended December 31, 2021. Profit (loss) Identifiable Assets A 3,325,650 18,674,900 7,542,825 10,326,510 2,519,430 (587,345) 920,855 D 381,700 (2,932,990) (684,275) (448,615) E 15,260,475 F 1,065,260 1,985,000 G
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What are the reportable segments?
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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…Bonita Industries and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2021. Industry A B с D E F Revenue Four O Three O Six O Five $ 8130000 6620000 4950000 2470000 3530000 1250000 Profit $1319000 1120000 962000 440000 532000 184000 Assets 12/31/21 $15980000 13940000 10110000 5290000 5530000 2400000 $26950000 $4557000 $53250000 In its segment information for 2021, how many reportable segments does Bonita have?Dogman Company and its divisions are engaged solely in manufacturing operations. The following data pertains to the industries in which operations were conducted for the year ended December 31, 2017. Segments Total revenue Operating profit Identifiable assets A 13,000,000 4,000,000 25,000,000 В 9,000,000 2,000,000 20,000,000 3,000,000 1,000,000 7,000,000 D 3,800,000 800,000 8,000,000 E 3,500,000 700,000 5,000,000 In its segment information for 2017, how many reportable operating segments does Dogman have? A. Three В. Four C. Five D. Six
- Celine Corporation and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Division Operating Profit (Loss) A P30,000,000 В 10,000,000 ( 8,000,000) D ( 2,000,000) E 5,000,000 In its current year financial statements, Celine Corporation should disclose an operating segment if operating profit or loss is at leastPorter Company is engaged solely in manufacturing operations. The following data (consistent withprior-years data) pertain to the segments in which operations were conducted for the year endedDecember 31, 2019.Segment TotalRevenueSegmentProfitAssets at31/12/19A $10,000,000 $1,750,000 $20,000,000B 8,000,000 1,400,000 17,500,000C 6,000,000 1,200,000 12,500,000D 3,000,000 550,000 7,500,000E 4,250,000 675,000 7,000,000F 1,500,000 225,000 3,000,000Totals $32,750,000 5,800,000 67,500,000In its segment information for 2019, how many reportable segments does Porter have?A. 3B. 4C. 5D. 6Ivanhoe Company is involved in four separate industries. The following information is available for each of the four industries. Operating Profit (Loss) $16,780 Operating Segment Total Revenue Identifiable Assets $63,800 $160,370 X 10,990 2,550 80,185 Y 27,500 (3,240) 19,355 7,710 1,210 16,590 $110,000 $17,300 $276,500 Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.
- Dogman Company and its divisions are engaged solely in manufacturing operations. The following data pertains to the industries in which operations were conducted for the year ended December 31, 2017. Segments Total revenue Operating profit Identifiable assets A 13,000,000 4,000,000 25,000,000 B 9,000,000 2,000,000 20,000,000 C 3,000,000 1,000,000 7,000,000 D 3,800,000 800,000 8,000,000 E 3,500,000 700,000 5,000,000 In its segment information for 2017, how many reportable operating segments does Dogman have? A. Three B. Four C. Five D. SixLechon Company provided the following data for the current year: Sales Cost of goods sold Expenses Depreciation Income tax expense The entity has two major reportable segments, A and B. An analysis revealed that P1,000,000 of the total depreciation expense and P2,000,000 of the expenses are related to general corporate activities. The remaining expenses and sales are directly allocable to segment activities according to the following percentages: Sales Cost of goods sold Expenses Depreciation P60,000,000 28,000,000 14,000,000 4,000,000 4,000,000 Segment A 40% 35 40 40 Segment B 45% Others 15% 15 20 15 50 40 45 What amount should be reported as net income of Segment A?WWK Company and its divisions are engaged solely in manufacturing. The entity reported the operating profit or loss of its divisions at Segment A P20,000,000 profit, Segment B P10,000,000 loss, Segment C P6,000,000 loss, Segment D P9,000,0000 loss, and Segment E P2,000,000 profit. What is the minimum operating profit or loss for a segment to be classified as reportable segment?
- Pina Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment W a. X Y Z Total Revenue Revenue test. $57,246 9,860 24,675 6,919 $98,700 Operating Profit (Loss) $16,970 2,570 (3,260) Determine which of the operating segments are reportable based on the: W&X Reportable Segments 1,220 $17,500 Identifiable Assets $165,764 82,882 20,006 17,148 $285,800Information relating to the operating segments of Purple Company for the year 2021, is presented below: Operating Profit (Loss): Segment 1 - (P18,000,000)Operating Profit (Loss): Segment 2 - P16,000,000Operating Profit (Loss): Segment 3 - P9,000,000Operating Profit (Loss): Segment 4 - (P2,000,000)The reportable segments are Choices: 1,2,3,4 1,2,3 2 and 3 1 and 4Divisional income statements The following data were summarized from the accounting records for Vintage Construction Company for the year ended October 31, 20Y3. Prepare divisional income statements for Vintage Construction Company.