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Cullumber Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment
Cullumber 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 | $39,200 | $73,600 | $586,600 | $35,500 | $55,700 | ||||||
Cost of goods sold | 19,100 | 50,600 | 265,300 | 19,300 | 29,400 | ||||||
Operating expenses | 9,200 | 40,800 | 239,300 | 12,000 | 18,300 | ||||||
Total expenses | 28,300 | 91,400 | 504,600 | 31,300 | 47,700 | ||||||
Operating profit (loss) | $10,900 | $(17,800) | $82,000 | $4,200 | $8,000 | ||||||
Identifiable assets | $34,300 | $81,500 | $508,600 | $66,000 | $50,700 |
Sales of segments B and C included intersegment sales of $19,800 and $100,800, respectively.
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).)
RCES Cullumber 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. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets $39,200 19,100 9,200 28,300 $10,900 $34,300 B $73,600 50,600 40,800 91,400 $(17,800) $81,500 $586,600 265,300 239,300 504,600 $82,000 $35,500 19,300 12,000 31,300 $4,200 $66,000 E $55,700 29,400 18,300 47,700 $8,000 $50,700 $508,600 Sales of segments B and C included intersegment sales of $19,800 and $100,800, respectively. tudy Your answer is correct. Determine which of the segments are reportable based on the Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. A, B and CV (3) Identifiable assets test. B and C V SHOW SOLUTION LINK TO TEXT Your answer is incorrect. Try again. Prepare the necessary disclosures required by GAAR. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) B Other Totals External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) identifiable Assets LINK TO TEXTStep by Step Solution
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