Happy Company provided the following profit(loss) relating to operating segments: A- 2,000,000; B - (3,000,000); C- (500,000); D- 1,000,000. What is the minimum revenue of a reportable segment? * Your answer
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- Happy Company provided the following profit(loss) relating to operatingsegments: A- 2,000,000; B - (3,000,000); C- (500,000); D- 1,000,000.What is the minimum revenue of a reportable segment?Given: The Company showed Cost of Goods Sold amounting to P645,750 and its gross profit rate is 40%. The total expenses was P559,400. Required: What is the net profit or net loss of the company. Select the correct response:Which of the following is NOT a reportable segment criteria. Question Answer a. Its assets are 10% of mare of the combined assets of all operating segments b Its reported revenue, from internal and extemal customers, is 10% or more of the combined revenuec. All of the above d. Its reported profit or loss is 15% or more of the greater of (1) the combined profit of all operating segments that did not report a loss; and (1) the combined reported loss of all operating segments that reported a loss: of
- An operating segment under IFRS is identified as a reportable segment if a.its revenue is greater than 10% of the combined revenue of all the company's operating segments. b. its identifiable assets are greater than 10% of the combined assets of all operating segments. c. the absolute amount of its profit (loss) is 10% or more of the greater in absolute amount, of the combined operating segments' profit, or of the combined operating segments' loss. d. any of the above options are satisfied.If the gross profit ( 2250 000 )D. The total Cost ( 4750 000 )D. , and the Sales value ( 7000 000 )D.The percnt of gross ?/According to IFRS, an operating segment is a reportable segment if a.the absolute amount of its reported profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined reported operating profit of all operating segments that did not incur a loss, or (b) the combined reported loss of all operating segments that did report a loss. b.the absolute amount of its operating profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined reported operating profit of all operating segments that incurred a loss, of (b) the combined reported profit of all operating segments that did report a profit. c. its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss. d. its operating profit is 10% or more of the combined operating profit of profitable segments only.
- The following are the respective costs and revenues incurred by Company ABC COSTS for months 1, 2, 3 : P80,000.00, P90,000.00, P100,000.00. REVENUES for months 2, 3, 4: P70,000.00, P95,000.00, P105,000.00. ABC wants to know from you if it has made any profit or not. What will your answer be? Fully Explain. Use i = 12 % compounded yearly.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 $285,800TATUM Company, a publicly owned corporation, assess performance and makes operating decisions using the following information for its reportable segments: Total revenues P700,000 Total profit P50,000 Included in the total profit are intersegment profits of P5,000. In addition, TATUM has P1,000 of common costs for its reportable segments that are not allocated in reports used internally. For purposes of segment reporting, TATUM should report segment profit of a. P44,000 b. P51,000 c. P50,000 d. P70,000
- 5. What is the total revenue of the reportable segments after considering the quantitative thresholds but without regard to aggregation criteria? * 5. Bilo-Bilo Company provided the following data for the current year: Segment Profit (Loss) 215,000 25,000 Revenue Assets 450,000 80,000 A 600,000 80,000 360,000 190,000 190,000 80,000 50,000 (35,000) (20,000) 10,000 (20,000) (25,000) 250,000 140,000 160,000 140,000 140,000 140,000 E F G 120,000 380,000 Others a. The "others" category included five operating segments, none of which has revenue or assets greater than P50,000 and none with an operating profit. b. Operating segments B and C produce very similar products and use very similar production processes, but serve different customer types and use quite different product distribution system. Segment B operates in a regulated environment while Segment C does not. c. Operating segments F and G have very similar products, production processes, product distribution systems, but they serve…For the purpose of segment reporting, what amount should be reported as segment total profit? A. 930,000 B. 830,000 C. 845,000 D. 730,000Given: The Company showed a net loss of P140,600 with Cost of Goods Sold of P546,900 which is 60% of Sales. Required: What is the total expenses of the company. Select the correct response: