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Calculate the minimum reportable segment amount

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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.

Reference no: EM133117263

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