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Segment and interim reporting MCQ

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22. Quatro Corp. is engaged solely in manufacturing operations. The following data pertain to the operating segments for the current year.

Operating Total
Segment Revenues Profit Assets at 12/31
A . . . . . . . . . . . . . . . . . . . . . $10,000,000 $1,750,000 $20,000,000
B . . . . . . . . . . . . . . . . . . . . . 8,000,000 1,400,000 17,500,000
C . . . . . . . . . . . . . . . . . . . . . 6,000,000 1,200,000 12,500,000
D . . . . . . . . . . . . . . . . . . . . . 3,000,000 550,000 7,500,000
E . . . . . . . . . . . . . . . . . . . . . 4,250,000 675,000 7,000,000
F . . . . . . . . . . . . . . . . . . . . . 1,500,000 225,000 3,000,000
Total . . . . . . . . . . . . . . . . . . $32,750,000 $5,800,000 $67,500,000

In its segment information for the current year, how many reportable segments does Quatro have?

a. Three.
b. Four.
c. Five.
d. Six.

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Solution Summary

Answer of a multiple choice question about Segment and interim reporting is given in the solution.

$2.19