E24-3 (Segmented Reporting) Carlton 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 3,000 83,000

Y 23,000 (2,000) 21,000

Z 9,000 1,000 19,000

$102,000 $17,000 $290,000

Instructions:

Determine which of the operating segments are reportable based on the:

(a) Revenue test.

(b) Operating profit (loss) test.

(c) Identifiable assets test.

(a) Revenue test.

Only report segments that generate at least 10% of total revenues:

W X Y

(b) Operating profit (loss) test.

Only report segments that generate at least 10% of profits or losses:

W X Y

(c) Identifiable assets test.

Only report segments that account for at least 10% of combined assets:

W X

Explanation:

Operating Total Operating Identifiable

segment revenue profit (loss) assets

W $60,000 $15,000 $167,000

X $10,000 $3,000 $83,000

Y $23,000 ($2,000) $21,000

Z $9,000 $1,000 $19,000

$102,000 $17,000 $290,000

10% $10,200 $1,700 $29,000