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Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. MetroSuburbanOutlying Service
Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow.
MetroSuburbanOutlying
Service Revenue$1,030,000$830,000$430,000
Variable Expenses$166,000$116,000$66,000
Controllable Fixed Exp$374,000$294,000$124,000
Fixed exp controllable by others$196,000$166,000$56,000
In addition to the expenses listed above, the company has $85,000 of common fixed expenses. Income-tax expense for the year is $285,000.
- How is a segmented income statement for Countywide Cable Services, Inc.?
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