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Alvah Corp. is organized into four operating segments. The following segment information was generated by the internal reporting system in 2020: Revenues from Outsiders
Alvah Corp. is organized into four operating segments. The following segment information was generated by the internal reporting system in 2020: Revenues from Outsiders Intersegment Revenues Cards Calendars $ 1.680.000 $ 140,000 Operating Expenses $1,260.000 1,260,000 280,000 1,890,000 Clothing 1,400,000 980,000 Books 1,120,000 70,000 1,078,000 Required: Show all calculations 1) What was the profit or loss of each of these segments? 2) Prepare the profit or loss test to determine which of these segments was separately reportable.
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