XYZ Corporation Has Eight Industry Segments with Sales, Operating Profit

question 36

Essay

XYZ Corporation has eight industry segments with sales, operating profit and loss, and identifiable assets at and for the year ended December 31, 2017, as follows: Required:
A. Identify the segments, which are reportable segments under one or more of the 10 percent revenue, operating profit, or assets tests.
B. After reportable segments are determined under the 10 percent tests, they must be reevaluated under a 75 percent revenue test before a final determination of reportable segments can be made. Under this 75 percent test, identify if any other segments may have to be reported.

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Definitions:

Free Black

Refers to African Americans who were not enslaved, particularly before and during the Civil War in the United States, some of whom had purchased their freedom or were freed by their enslavers.

Antiblack Mob Violence

Acts of violence perpetrated by groups targeting African Americans, often emerging from systemic racism and hate.

Antebellum Period

The time frame in United States history leading up to the Civil War, characterized by rising tensions over issues like slavery and the rights of states versus the federal government.

Industrialization

The process of transforming economies from primarily agrarian to one based on the manufacturing of goods, seen especially during the 19th and 20th centuries.