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Exercise 3-21 (Algo) Segment reporting [Appendix 3] The Canton Corporation operates in four distinct business segments. The segments, along with information on revenues, assets,
Exercise 3-21 (Algo) Segment reporting [Appendix 3] The Canton Corporation operates in four distinct business segments. The segments, along with information on revenues, assets, and net income, are listed below ($ in thousands): Segment Pharmaceuticals Plastics Farm equipment Electronics Total company Revenues $ 4,000 Assets $ 3,000 Net Income $ 400 5,000 3,500 4,500 1,200 2,250 450 $ 14,700 $ 9,200 $ 1,530 470 5201 140 Required: 1. For which segments must Canton report supplementary Information according to U.S. GAAP? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as Incorrect. Pharmaceuticals Plastics Farm equipment Electronics
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