For Internal Decision-Making Purposes, Calam Corporation's Operating Segments Have Been

question 2

Essay

For internal decision-making purposes, Calam Corporation's operating segments have been identified as follows:
Required:
1. In applying the "operating profit or loss" test to identify reporting segments, what is the test value for Calam Corporation?
2. Using the "reported profit or loss" test, which of Calam's operating segments will also be reporting segments?

---

Definitions:

Partnership Property

Assets or property owned by a partnership, which are used in the operation of the business and subject to the rights and interests of the partners.

Partner's Interest

A reference to an individual's ownership stake or share in a partnership, reflecting their rights to profits and obligations for losses.

Assignability

The capability of a contractual right or duty to be transferred from one party to another.

Inheritability

The characteristic of a trait, such as property or genetic information, that allows it to be passed down from one generation to the next through inheritance.