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8) Assuming there are no other industry segments in this enterprise, which of the three segments should be identified as a reportable segment in accordance with the profit (loss) test? Wholesale Segment Profit (Loss) Test Retail Segment $400 Finance Segment $50 Total $950 Profit $500 A. B. Yes Yes Wholesale Retail Finance C. No Yes Yes D. Yes Yes Yes Yes No No Yes 9) Old Corp. and its divisions are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the industries in which operations were conducted for the year ended December 31, 2021. Industry Revenue Profit Assets 12/31/21 A 10,000,000 1,650,000 20,000,000 B 8,000,000 1,400,000 17.500,000 6,000,000 1,200,000 12,500,000 3,000,000 550,000 6,500,000 E 4,250,000 675,000 7,000,000 F 1,500,000 225,000 3,000,000 32,750,000 5.700,000 66,500,000 D In its segment information for 2021, how many reportable segments does Young have? A. Three B. Four C. Five D. Six 10) Essence Company and its divisions are engaged solely in manufacturing. The following data pertain to the industries in which operations were conducted for the current year: Segment Intersegment sales External revenue 1,000,000 5,000,000 B 1,500,000 3,000,000 4,000,000 8,000,000 500,000 1,300,000 2,000,000 2,800,000 200,000 900,000 D E F What is the minimum amount of revenue to be considered a major customer? A. 3,020,000 B. 2,100,000 C. 1,180,000 D 920,000

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