Reference no: EM132948968
The following information is given for the seven segments of cherise Ltd:
Segments Revenues Operating Profit (Loss) Assets
shoes 1,540,000 602,000 1,600,000
tops 805,000 (208,000) 870,000
belts 1,948,000 530,000 1,250,000
pants 1,070,000 375,000 1,800,000
Skirts 760,000 220,000 965,000
dresses 980,000 402,000 1,400,000
accessorie 1,071,000 (106,000) 1,380,000
Total 8,174,000 1,815,000 9,265,000
Consolidated 8,715,700 1,910,000 9,520,000
Totals
Ten percent of the revenues of the following segments relate to intercompany transactions.
Required:
Problem a) Determine which segments are reportable.
Problem b) Determine whether a substantial portion of cherise Ltd.'s total operations is represented by reportable segments.
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