Required information An analysis of Abbey Company's operating segments provides the following information: Operating Segment Revenues Segment Profit (Loss) Segment Assets External Intersegment A $ 30 $ 27 $ 6 $ 40 B 45 0 32 120 C 36 0 (7 ) 82 D 200 116 4 190 E 44 0 (72 ) 38 Refer to the above...

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Accounting

Required information
An analysis of Abbey Company's operating segments provides thefollowing information:
Operating
Segment Revenues Segment
Profit (Loss) Segment
Assets
External Intersegment
A $ 30 $ 27 $ 6 $ 40
B 45 0 32 120
C 36 0 (7 ) 82
D 200 116 4 190
E 44 0 (72 ) 38
Refer to the above information. Which of the operating segmentsabove are reportable segments?
Multiple Choice
B, C, and D
A, B, D, and E
B, D, and E
A, B, C, D, and E
Refer to the above information. Which of the operating segmentsabove meet the revenue test?
Multiple Choice
B, D, and E
A and D
A, B, and D
B, C, D, and E
Refer to the above information. Which of the operating segmentsabove meet the operating profit (loss) test?
Multiple Choice
B and E
A and B
A, B, and E
A, B, C, and E

Answer & Explanation Solved by verified expert

4.4 Ratings (555 Votes)

Reportable segments are operating segments which have Revenues internal or external bothat 10 or more of the total revenue of all operating segments Profit or loss is 10 or more of the greater of a the combined profit loss of profitloss making operating segments See Answer

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Operating Segment	Revenues				Segment Profit (Loss)			Segment Assets
Operating Segment	External		Intersegment		Segment Profit (Loss)			Segment Assets
A	$	30	$	27	$	6		$	40
B		45		0		32			120
C		36		0		(7	)		82
D		200		116		4			190
E		44		0		(72	)		38