Jarvis Corporation has six different operating segments reporting the following operating profit and loss figures:
|
K |
$ 80,000 loss |
|
L |
140,000 profit |
|
M |
940,000 loss |
|
N |
$440,000 profit |
|
O |
90,000 profit |
|
P |
100,000 profit |
With respect to the profit or loss test, which of the following statements is not true?
a. K is not a reportable segment based on this one test.
b. L is a reportable segment based on this one test.
c. O is not a reportable segment based on this one test.
d. P is a reportable segment based on this one test.