8.

Elektronix, Inc. has three operating segments with the following information:

	DVDs				VCRs				MP3s
Sales to outsiders	$	4,000,000			$	500,000			$	2,000,000
Intersegment transfer		none				none			$	100,000
Segment expenses	$	3,000,000			$	624,000			$	1,700,000
Segment assets	$	14,000,000			$	6,000,000			$	5,000,000

What is the minimum amount of revenue an operating segment must have to be considered a reportable segment?

Multiple Choice

• $650,000.
• $660,000.
• $670,000.
• $680,000.
• $690,000.

9.

Elektronix, Inc. has three operating segments with the following information:

	DVDs				VCRs				MP3s
Sales to outsiders	$	4,000,000			$	500,000			$	2,000,000
Intersegment transfer		none				none			$	100,000
Segment expenses	$	3,000,000			$	624,000			$	1,700,000
Segment assets	$	14,000,000			$	6,000,000			$	5,000,000

Which operating segments are separately reportable under the asset test?

Multiple Choice

• DVDs only.
• DVDs and MP3s.
• DVDs and VCRs.
• VCRs and MP3s.
• DVDs, VCRs, and MP3s.

10.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

Which operating segments are separately reportable under the operating profit or loss test?

Multiple Choice

• Tables and Chairs.
• Bookcases only.
• Tables, Bookcases, and Cabinets.
• Bookcases, Cabinets, and Chairs.
• Tables, Bookcases, Cabinets, and Chairs.

11.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

Which operating segments are separately reportable under the asset test?

Multiple Choice

• Tables and Chairs.
• Bookcases only.
• Tables, Bookcases, and Cabinets.
• Bookcases, Cabinets, and Chairs.
• Tables, Bookcases, Cabinets, and Chairs.

12

Elektronix, Inc. has three operating segments with the following information:

	DVDs				VCRs				MP3s
Sales to outsiders	$	4,000,000			$	500,000			$	2,000,000
Intersegment transfer		none				none			$	100,000
Segment expenses	$	3,000,000			$	624,000			$	1,700,000
Segment assets	$	14,000,000			$	6,000,000			$	5,000,000

What is the minimum amount of assets an operating segment must have to be considered a reportable segment?

Multiple Choice

• $1,400,000.
• $2,500,000.
• $4,100,000.
• $5,000,000.
• $25,000,000.

12.

Wayne, Inc. has four operating segments with the following information:

	Tables				Bookcases				Cabinets			Chairs
Sales to outsiders	$	2,600,000			$	3,200,000			$	5,350,000		$	1,780,000
Intersegment transfer	$	380,000			$	0			$	125,000		$	117,000
Segment expenses	$	1,900,000			$	2,200,000			$	4,480,000		$	2,174,000
Segment assets	$	10,800,000			$	12,000,000			$	18,000,000		$	3,500,000

What is the minimum amount of assets an operating segment must have to be considered a reportable segment?

Multiple Choice

• $4,080,000.
• $2,430,600.
• $1,293,000.
• $4,430,000.
• $1,355,200.

13.

Elektronix, Inc. has three operating segments with the following information:

	DVDs				VCRs				MP3s
Sales to outsiders	$	4,000,000			$	500,000			$	2,000,000
Intersegment transfer		none				none			$	100,000
Segment expenses	$	3,000,000			$	624,000			$	1,700,000
Segment assets	$	14,000,000			$	6,000,000			$	5,000,000

Which of the segments are separately reportable?

Multiple Choice

• DVDs only.
• DVDs and MP3s.
• DVDs and VCRs.
• VCRs and MP3s.
• DVDs, VCRs, and MP3s.

14.

Elektronix, Inc. has three operating segments with the following information:

	DVDs				VCRs				MP3s
Sales to outsiders	$	4,000,000			$	500,000			$	2,000,000
Intersegment transfer		none				none			$	100,000
Segment expenses	$	3,000,000			$	624,000			$	1,700,000
Segment assets	$	14,000,000			$	6,000,000			$	5,000,000

What is the minimum amount of operating profit or loss an operating segment must have to be considered a reportable segment?

Multiple Choice

• $124,000.
• $127,600.
• $100,000.
• $130,000.
• $140,000.

I broke this down into parts, it is actually one homework problem and i can't seem to figure it out, Please help me out..this problem is huge!

Thank you so much in advance