Business, 18.03.2021 01:20, KArrington815

Data for the seven operating segments of Amalgamated Products follow: Segments Revenues Segment Profit (Loss) Segment Assets
Electronics $42,000 $(8,600) $73,000
Bicycles 105,000 30,400 207,000
Sporting Goods 53,000 (4,900 ) 68,000
Home Appliances 147,000 23,000 232,000
Gas and Oil
Equipment 186,000 11,700 315,000
Glassware 64,000 (19,100) 96,000
Hardware 178,000 38,600 194,000
Total $775,000 $71,100 $1,185,000
Included in the $105,000 revenue of the Bicycles segment are sales of $25,000 made to the Sporting Goods segment.
Required:
A. Which segments are separately reportable?
B. Do the separately reportable segments include a sufficient portion of total revenue?
1. Yes.
2. No.

Answers: 3

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Data for the seven operating segments of Amalgamated Products follow: Segments Revenues Segment Pro...