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: BE24-7

Answer

The reportable segments are Penley, Konami, Red Moon, Cheng, and Molina.

Work Step by Step

Total identifiable assets: 500 + 550 + 250 + 400 +200 +150+475=2,525 10 % of 2,525=252.5 Segments that qualify should have more than 252.5 identifiable assets.
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