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Operating profits and losses for the seven industry segments of Cullumber Corporation are: Penley $94 Cheng $(18 ) Konami (41 ) Takuhi 34 KSC 27 Molina 136 Red Moon 50 Based only on the operating profit
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Operating profits and losses for the seven industry segments of Cullumber Corporation are:

Penley $94 Cheng $(18 )
Konami (41 ) Takuhi 34
KSC 27 Molina 136
Red Moon 50

Based only on the operating profit (loss) test, which industry segments are reportable?

Penley   ReportableNot Reportable Cheng   ReportableNot Reportable
Konami  ReportableNot Reportable Takuhi   ReportableNot Reportable
KSC   ReportableNot Reportable Molina  ReportableNot Reportable
Red Moon ReportableNot Reportable

User Armenm
by
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1 Answer

1 vote

Answer:

Penley Reportable

Cheng Not Reportable

Konami Reportable

Takuhi Not Reportable

KSC Reportable

Molina Not Reportable

Red Moon Reportable

Step-by-step explanation:

total profits pf projectable segments

= 94 + 18 + 41 + 27 + 136 + 50

= $400

operating profit(loss) test = $400*10%

= $40

User Skylin R
by
5.5k points
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