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Segment and interim reporting MCQ

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.

Solution Summary

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

$2.19