AC 302 Chapter 24 Question 3
Name Date
Instructor Course
Intermediate Accounting, 14th Edition by Kieso, Weygandt, and Warfield
Primer on Using Excel in Accounting by Rex A Schildhouse
E24-3 (Segmented Reporting) LaGreca Company is involved in four separate industries. The following information is available for each of the four industries.
Operating Segment Total Revenue Operating Profit (Loss) Identifiable Assets
W $60,000 $15,000 $167,000
X 10,000 1,500 83,000
Y 23,000 (2,000) 21,000
Z 9,000 1,000 19,000
$102,000 $15,500 $290,000
Instructions:
Determine which of the operating segments are reportable based on the:
(a) Revenue test.
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(b) Operating profit (loss) test.
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(c) Identifiable assets test.
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USA 
India
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