Report – Reportable Segments
Solution
| Segment | Revenue | Operating profits (loss) | Segment Assets | Reportable | |
| A | $420.00 | $24,000.00 | $ 270.00 | $ 22,400.00 | $ 2,430.00 |
| B | $220.00 | $2,200.00 | $ (200.00) | $ 25,200.00 | $ (2,200.00) |
| C | $1,400.00 | $90,000.00 | $ 360.00 | $ 70,000.00 | $ 3,240.00 |
| D | $ – | $168,000.00 | $ 2,370.00 | $ 162,400.00 | $ 21,330.00 |
| $2,040.00 | $284,200.00 | $ 2,800.00 | $ 280,000.00 | $ 24,800.00 |
The segment reportable for any business depends on the structure and the method adopted by the business to report its business activities (Moldavan & Rucsandra, 2014). The segmental reporting presented above is standalone financial reporting on the financial information. Each segment displays its own reportable profits (K.C., et al., 2010). Do you need urgent assignment help ? Get in touch with us at eminencepapers.com.
On a consolidated basis. Segment reporting should apply only to consolidated financial statements. You do not consider the stand-alone in the determination of the reportable profit (Moldavan & Rucsandra, 2014). For the accounting principle, you have to report both geographical segments as well as the business segment. For the case above, the disclosure of the segment. The segment shall be divided into primary and secondary segments. This segment is a secondary disclosure since it has condensed disclosures (K.C, et al., 2010).
Therefore, the segments that will be reportable include segments with positive reportable profit. Segment B shall not be reported while other segments shall be reported (K.C, et al., 2010).
References
K.C, C., Guangzhang, L. & alaifan, W., 2010. Price Discovery for Segmented US-Listed Chinese Stocks: Location or Market Quality?. Journal of Business Finance & Accounting, 37(2), p. 28.
Moldavan & Rucsandra, 2014. Post-Implementation Reviews for IASB and FASB Standards: A Comparison of the Process and Findings for… Accounting in Europe, 11(1), p. 23.
ORDER A PLAGIARISM-FREE PAPER HERE
We’ll write everything from scratch
Question 
Report – Reportable Segments
Bass Industries operates in four different industries. Information concerning the operations of these industries for the year 2011 is as follows:
Revenue:
| Industry Segment | Total | Intersegment | Operating Profit (Loss) | Segment Assets |
| A | $24,000 | $4,200 | $2,700 | $22,400 |
| B | 18,000 | 2,200 | (2,000) | 25,200 |
| C | 90,000 | 14,000 | 3,600 | 70,000 |
| D | 168,000 | – 0 – | 23,700 | 162,400 |
| $300,000 | $28,000 | $280,000 |
Required:
Complete the following schedule to determine which of the above segments must be treated as reportable segments:
10% Test for
| Segment | Revenue | Operating Profit (Loss) | Segment Assets | Reportable? | |
| A | |||||
| B | |||||
| C | |||||
| D |
Complete the order form and upload all of your files, including any instructions, rubrics, or other materials provided by your instructor. 
Complete the order payment after filling in the order form. We’ll receive your order and assign it to a writer.
The assigned writer will complete your paper and forward it to our Editing Team for review and approval.
Once approved by the editor, the completed paper will be uploaded to your account for you to download, review and approve.