Intermediate Accounting (16th Edition)

Published by Wiley
ISBN 10: 1118743202
ISBN 13: 978-1-11874-320-1

Chapter 24 - Full Disclosure in Financial Reporting - Review and Practice - Brief Exercises - Page 1446: BE24-5

Answer

The reportable segments include Penley, Konami, and Molina.

Work Step by Step

Total Revenue= 600 + 650 +250 + 275 + 225 +200 +700=2900 Revenue test: 10% of 2900=290 Segments that qualify should have total revenues of more than 290.
Update this answer!

You can help us out by revising, improving and updating this answer.

Update this answer

After you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.