What external revenue of reportable operating segments must

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Regent Company, a publicly owned entity, is subject to the requirements of segment reporting. In the income statement for the year ended December 31, 2020, the entity reported revenue of P60,000,000 excluding intersegment sales of P15,000,000, expenses of P50,000,000 and net income of P10,000,000. Expenses included payroll costs of P20,000,000. The combined identifiable assets of all operating segments on December 31, 2020 totaled P40,000,000.

Problem 1: External revenue of reportable operating segments must be at least

Reference no: EM132813345

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