Which of the following items of information are required to be included in interim reports for each operating segment? Revenues from external customers Segment profit or loss Reconciliation of segment profit or loss to the enterprise's total income before taxes Intersegment revenues Multiple Choice 1 and 3 only 1 and 2 only 1, 2, and 3
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Multiple operating segments may be aggregated into a single operating segment if the segments have similar economic characteristics and if the segments are similar in each of the following respects: Select all that apply. 1. Methods used to distribute their products or provide their services 2. If applicable, the nature of the regulatory environment, e.g., banking 3. The nature of the products and services and production processes 4. The type or class of customer for their products and services
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E 15-3 Apply threshold test Financial information for Anka AD segment operations are as follows: Segments | Sales to External Party | Intersegment Sales | Operating Segment's Identifiable Assets | Operating Segment's Operating Profit A | $0 | $1,400,000 | $2,100,000 | $650,000 B | 0 | 140,000 | 150,000 | 10,000 C | 150,000 | 340,000 | 200,000 | 240,000 D | 0 | 800,000 | 700,000 | 550,000 E | 400,000 | 600,000 | 1,400,000 | (460,000) F | 0 | 200,000 | 800,000 | 90,000 G | 0 | 110,000 | 180,000 | (210,000) H | 0 | 540,000 | 600,000 | 210,000 Total | $550,000 | $4,130,000 | $6,130,000 | $1,080,000 REQUIRED 1. Determine the reportable segments of Anka AD based on the revenue test. 2. Determine the reportable segments of Anka AD based on the asset test. 3. Determine the reportable segments of Anka AD based on the operating-profit test. 4. Determine the reportable segments of Anka AD based on all tests.
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profit center responsibility reports include a. invested capital b. returns on investment c.revenues and expenses d. revenus only
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