Carlton Company is involved in four separate industries..
Exercise 24-3
Carlton Company is involved in four separate industries. The following information is available for each of the four industries.
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Operating Segment
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Total Revenue
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Operating Profit (Loss)
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Identifiable Assets
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| W | $60,000 | $15,000 | $167,000 | ||||
| X | 10,000 | 3,000 | 83,000 | ||||
| Y | 23,000 | (2,000) | 21,000 | ||||
| Z | 9,000 | 1,000 | 19,000 | ||||
| $102,000 | $17,000 | $290,000 | |||||
Determine which of the operating segments are reportable based on the:
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Reportable Segments
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| (a) | Revenue test. |
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| (b) | Operating profit (loss) test. |
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| (c) | Identifiable assets test. |
