Determine whether the reportable segments meet the limit

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Reference no: EM133118322

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: EM133118322

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