Question
Bramble Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment
Bramble 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 2018.
A | B | C | D | E | |||||||
Sales revenue | $39,200 | $73,500 | $576,700 | $34,400 | $55,800 | ||||||
Cost of goods sold | 18,700 | 49,100 | 273,300 | 19,400 | 30,600 | ||||||
Operating expenses | 10,000 | 39,900 | 239,300 | 11,900 | 18,300 | ||||||
Total expenses | 28,700 | 89,000 | 512,600 | 31,300 | 48,900 | ||||||
Operating profit (loss) | $10,500 | $(15,500) | $64,100 | $3,100 | $6,900 | ||||||
Identifiable assets | $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. (a) Determine which of the segments are reportable based on the:
Reportable Segment | ||||
(1) | Revenue test. | ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E | ||
(2) | Operating profit (loss) test. | ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E | ||
(3) | Identifiable assets test. | ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E |
(b) 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).)
A | B | C | Other | Totals | ||||||
External Revenues | $ | $ | $ | $ | $ | |||||
Intersegment Revenues | ||||||||||
Total Revenues | $ | |||||||||
Cost of Goods Sold | ||||||||||
Operating Expenses | ||||||||||
Total Expenses | ||||||||||
Operating Profit (Loss) | $ | $ | $ | $ | $ | |||||
Identifiable Assets | $ | $ | $ | $ | $ |
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