The Controller of Getaway Corporation Has Prepared and Summarized the Following

question 12

Essay

The controller of Getaway Corporation has prepared and summarized the following information for her company (all in millions of $):
$$\begin{array} { | l | r | r | r | r | } \hline& \text { External sales } & \begin{array} { r } \text { Inter-segment } \\\text { sales }\end{array} & \begin{array} { r } \text { Operating } \\\text { profit (loss) }\end{array} & \text { Total assets } \\\hline \text { Hotels } & 975 & & 89 & 1,050 \\\hline \text { Car rentals } & 512 & & 65 & 642 \\\hline \text { Guided tours } & 205 & & ( 25 ) & 221 \\\hline \text { Bus tours } & 173 & 100 & 11 & 250 \\\hline \text { Cruises } & \underline { 98 } & \underline { 50 } & \underline { ( 15 ) } & \underline { 95 } \\\hline \text { Total } & \underline { 1,963 } & \underline { 150 } & \underline { 125 } & \underline { 2,258 } \\\hline\end{array}$$ Required:
Identify which segments are reportable. Also discuss any ethical issues related to reporting of segmented information.

---

Definitions:

Order of Presentation

the sequence in which financial information is organized and presented in financial statements, typically following accounting standards or regulations.

Cash Equivalents

Short-term, highly liquid investments that are easily convertible to a known amount of cash and are subject to insignificant risk of changes in value.

Cheques Outstanding

Cheques that have been written and recorded in the payer's accounting system but have not yet been cashed or cleared by the receiving bank.

Prepaid Expenses

Payments made for goods or services to be received in the future, treated as assets on a balance sheet until used.