XYZ Corporation Has Eight Industry Segments with Sales,operating Profit and Loss,and

question 37

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:

Labor Unions

Labor unions are organized groups of workers that aim to protect and advance their members' interests through collective bargaining with employers.

Antitrust Enforcement

The regulation and legal processes initiated by governments to prevent or reduce anti-competitive practices and promote fair competition among firms.

Horizontal Merger

A merger between firms that are in direct competition with each other, operating in the same industry and often in the same markets.

Hertz Rent-a-Car

A global car rental company offering services in various locations, providing customers with temporary vehicles for personal or business use.