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Question - Crane Inc. is involved in five separate industries. The following information is available for each of the five industries:
Operating Segment
Total Revenue
Operating Profit/(Loss)
Assets
A
$141,758
$27,837
$244,787
B
40,503
8,906
11,219
C
26,327
-5,566
36,718
D
192,387
-2,226
49,977
E
2,025
557
15,299
$403,000
$29,508
$358,000
Required -
Calculate the minimum reportable segment amount based on the revenue test.
Determine which of the operating segments are reportable under IFRS based on the revenue test.
Calculate the minimum reportable segment amount based on the operating profit (loss) test.
Determine which of the operating segments are reportable under IFRS based on the operating profit (loss) test.
Calculate the minimum reportable segment amount based on the assets test.
Determine which of the operating segments are reportable under IFRS based on the assets test.
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