Solution-Determine the minimum amount of revenue

Determine the minimum amount of revenue

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Reference no: EM133111690

Question - Information on an entity's operating segments is shown below:

Operating Segments	External Revenue	Internal Revenue	Total Revenue	Profit (Loss)	Identifiable Assets
A	1,200,000	200,000	1,400,000	(300,000)	5,000,000
B	900,000	120,000	1,000,000	(180,000)	1,300,000
C	800,000	250,000	1,050,000	220,000	900,000
D	600,000	160,000	760,00	270,000	1,800,000
E	300,000	-	300,000	(20,000)	800,000
F	200,000	-	200,000	(30,000)	1,200,000
Totals	4,000,000	710,000	4,710,000	(40,000)	11,000,000

Required -

1. Identify the reportable segments under the quantitative thresholds of PFRS 8.

2. Determine whether the reportable segments meet the limit on external revenues under PFRS 8.

3. Determine the minimum amount of revenue that warrants disclosure of a major customer.

Reference no: EM133111690

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Determine the minimum amount of revenue

Reference no: EM133111690

Reference no: EM133111690

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