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: BE24-6

Answer

The reportable segments include Penley, Red Moon and Molina.

Work Step by Step

N/B Operating losses of Konami and Cheng are ignored. Total Operating Profit: 90 + 25 + 50 + 34 + 150=349 10% of 349=34.9 Segments that qualify should have operating profits of more than 34.9.
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