This year, for the first time, Samson Corporation must report supplementary information by operating segment. The controller has prepared the following note for inclusion in the annual report.

Segmented Data Your company operates in several different operating segments. Selected financial data by division are provided below, in thousands of Canadian dollars.

During the year, your company had export sales that resulted in gross profit of $100,000.

Required:

Criticize the note as prepared by the controller. Identify any missing information, either numerical or verbal, and indicate errors in presentation.

Transcribed Image Text:

Sales to outsiders Sales between divisions Total sales Operating profit Capital expenditures Assets Men's Wear $800 100 $900 $30 $10 $130 Tires $400 20 $ 420 $ 80 $ 50 $480 Other Consolidated $ 600 $1,800 120 240 $720 $2,040 $40 $ 124 $ 60 $ 140 $180 $910