5. What is the total revenue of the reportable segments after considering the quantitative thresholds but without regard to aggregation criteria? * 5. Bilo-Bilo Company provided the following data for the current year: Segment A B Revenue Profit (Loss) Assets 600,000 215,000 450,000 80,000 25,000 80,000 C 360,000 50,000 250,000 ס|חן ד D 190,000 (35,000) 140,000 E 190,000 (20,000) 160,000 F 80,000 10,000 140,000 G 120,000 (20,000) 140,000 Others 380,000 (25,000) 140,000 a. The "others" category included five operating segments, none of which has revenue or assets greater than P50,000 and none with an operating profit. b. Operating segments B and C produce very similar products and use very similar production processes, but serve different customer types and use quite different product distribution system. Segment B operates in a regulated environment while Segment C does not. c. Operating segments F and G have very similar products, production processes, product distribution systems, but they serve substantially different types of customers Neither Segments F and G operate in a regulated environment.

5. What is the total revenue of the reportable segments after considering the quantitative thresholds but without regard to aggregation criteria? * 5. Bilo-Bilo Company provided the following data for the current year: Segment A B Revenue Profit (Loss) Assets 600,000 215,000 450,000 80,000 25,000 80,000 C 360,000 50,000 250,000 ס|חן ד D 190,000 (35,000) 140,000 E 190,000 (20,000) 160,000 F 80,000 10,000 140,000 G 120,000 (20,000) 140,000 Others 380,000 (25,000) 140,000 a. The "others" category included five operating segments, none of which has revenue or assets greater than P50,000 and none with an operating profit. b. Operating segments B and C produce very similar products and use very similar production processes, but serve different customer types and use quite different product distribution system. Segment B operates in a regulated environment while Segment C does not. c. Operating segments F and G have very similar products, production processes, product distribution systems, but they serve substantially different types of customers Neither Segments F and G operate in a regulated environment.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 27E

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Presented below are four segments that have been identified by XYZ, Inc. TE Segments Total revenue Profit (Loss) Identifiable Assets A 1,800,000 200,000 (350,000) 20,000 30,000 6,000,000 6,000,000 1,500,000 3,000,000 B 4,000,000 600,000 C D 1,300,000 Identify the reportable segments under the quantitative thresholds of PFRS 8.
5. In the income statement for the current year, the entity which is subject to the requirements of segment report, reported external sales of P60,000,000, internal sales of P5,000,000, expenses of P45,000,000. The combined total assets of all operating segments at year-end amounted to P56,000,000. What is the lowest amount of external revenue that should be disclosed by reportable segments? A. 45,000,000 B. 15,000,000 C. 6,500,000 D. 3,750,000 E. None of them
Which of the following is not a quantitative threshold for defining a segment’s materiality? Segment assets are 10% or more of the combined assets of all operating segments. The segment absolute value of its profit or loss is 10% or more of the greater of (1) the combined reported profit of all operating segments that reported a profit or (2) the absolute value of the combined reported loss of all operating segments that reported a loss. Segment reported revenue, including intersegment revenues, is 10% or more of the combined revenue of all operating segments. Segment residual profit after the cost of equity is 10% or more of the combined residual profit of all operating segments.
B Incorporated provided the following data with respect to their segments: Segment Revenues Profit/Loss Identifiable Assets A 40 million 3 million 80 million B 20 million 4 million 70 million C 15 million (5 million) 60 million D 50 million (1 million) 100 million E 5 million (300,000) 30 million F 8 million (1.3 million) 20 million Total 138 million (600,000) 360 million Using the profit/loss test, what is the minimum amount of profit/loss for a segment to be considered as reportable: a. 700,000 b. 60,000 c. 600,000 d. 820,000 e. Answer not among the
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