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Find external revenue reported by operating segments

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Question 1: A Corporation, a publicly-owned corporation, is subject to the requirements for segment reporting. In its Statement of Comprehensive Income for 2020, the entity reported revenues of ?50,000,000, operating expenses of ?47,000,000, and net income of ?3,000,000. Operating expenses included ?15,000,000 of payroll costs. The entity's combined identifiable assets of all industry segments at the end of the current year were ?40,000,000. Reported revenues include ?30,000,000 of sales to external customers. External revenue reported by operating segments must be at least? SHOW YOUR SOLUTION(S).

Reference no: EM132585066

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