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Pharma, Inc., produces products in five separate lines of buisness: over-the-counter health products, vitamins, beauty...

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Accounting

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Pharma, Inc., produces products in five separate lines of buisness: over-the-counter health products, vitamins, beauty products, paint and paint products, and pharmaceuticals. Each segment is accounted for separately, with a vice president in charge of each line of business. The results reported by each segment for the fiscal year 2021 were as follows: The sales of Health included intersegment sales of $80,000, and Pharmacy sales included intersegment sales of $400,000. Required: 1. Determine which of the segments are reportable based on the: a. Revenue test. b. Operating profit (loss) test. c. Identifiable assets test

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