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Prepare the necessary disclosures required by gaap

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Reference no: EM131117045

Segmented Reporting Cineplex Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2011. Sales of segments B and C included intersegment sales of $20,000 and $100,000, respectively.

(a) Determine which of the segments are reportable based on the:

(1) Revenue test.

(2) Operating profit (loss) test.

(3) Identifiable assets test.

(b) Prepare the necessary disclosures required by GAAP. 

2001_11-B-A-F (167).PNG

Reference no: EM131117045

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