Correy Corp. and its division are engaged solely in manufacturing operations. The following data (consistent with prior years' data) pertain to the industries in which operations were conducted for the year ended December 31, Year 2: Operating Segment Total Revenue Profit Assets at 12/31/ Yr2 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 $32,750,000 $5,800,000 $67,500,000In its segment information for year 1, how many reportable segments does Correy have?A. 6B. 5C. 4D. 3

B. 5

Explanation:

For a division to be significant and be a reportable segment, it has to  to pass at least one of the following 10% test:

Divisions A, B, C, E pass the revenue test, Division A, B, C, D pass the Operating profit (loss) test and Divisions A, B, C, D, and E pass the Identifiable assets test. since For a division to be significant, it has to  to pass at  least one of the tests, therefore  Divisions A, B, C, D, and E are reportable which is 5.

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the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.