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What is the minimum amount of segment revenue

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Problem - Lotad Company and its divisions provided the following information for the current year:

Sales to unaffiliated customers P20,000,000

Intersegment sales of products similar to those sold to unaffiliated customers 6,000,000

Interest earned on loans to other operating segments 400,000

Lotad Company and all of its divisions are engaged solely in manufacturing operations.

What is the minimum amount of segment revenue in order that a division can be considered a reportable segment?

Reference no: EM132938621

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