Reference no: EM133089650
Question - Revlon Company has expanded rapidly and segment reporting is now required. The following data are for the year ended December 31, 2013:
Operating Segment Operating Identifiable Segment revenue profit (loss) assets
1 620,000 200,000 400,000
2 100,000 20,000 80,000
3 340,000 70,000 300,000
4 190,000 (30,000) 140,000
5 180,000 (25,000) 180,000
6 70,000 10,000 120,000
7 120,000 (20,000) 140,000
Others 380,000 (25,000) 140,000
Required -
1. How many segments are required to be disclosed if the company looks into its profit / loss?
2. How many segments are required to be disclosed by the company based on the provisions of PFRS 8?
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