Question
24-02 Martinez Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each
24-02 Martinez Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2021. A B C D E Sales revenue Cost of goods sold Operating expenses $39,200 18,700 10,000 $73,500 49,100 $576,700 $34,400 $55,800 273,300 19,400 30,600 39,900 239,300 11,900 18,300 Total expenses Operating profit (loss) Identifiable assets 28,700 89,000 512,600 31,300 48,900 $10,500 $(15,500) $64,100 $3,100 $6,900 $35,300 $81,400 $491,100 $65,400 $50,500 Sales of segments B and C included intersegment sales of $19,600 and $99,300, respectively. Other Totals Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) Identifiable Assets A B
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