The following segments have been identified for an enterprise, along with each segments sales. No segment qualifies on any other criterion for determining reportable segments except possibly for sales. Sales for each segment, and the total for the enterprise follow:
What is the minimum number of reportable segments for this firm?
Definitions:
Controlling Interest
Ownership of a portion of a company that is large enough to influence or control its operations and decisions, typically over 50% of the voting rights.
Equity Contribution
Capital provided by owners or shareholders to a firm in exchange for an ownership interest or stock.
Initial Investment
The initial amount of capital used to start a business or investment.
Commercial Substance
A scenario where the future cash flows of an asset or group of assets are expected to change significantly due to a transaction.
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