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I just need the part B answered please asap thank you! Cineplex Corporation is a diversified company that operates in five different industries: A, B,
I just need the part B answered please asap thank you!
Cineplex 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 2015. $40,000 75,000 $580,000 $35,000 $55,000 Sales revenue Cost of goods sold 19,000 50,000 270,000 19,000 30,000 Operating expenses 10,000 40,000 235,000 12,000 18,000 Total expenses 29,000 90,000 505,000 31,000 48,000 Operating profit (loss $11,000 (15,000) 75,000 4,000 7,000 Identifiable assets $35,000 80,000 $500,000 $65,000 $50,000 Sales of segments B and Cincluded intersegment sales of $20,000 and $100,000, respectively nstructions (a)Determine which of the segments are reportable based on the: (1)Revenue test. (2)operating profit (loss) test (3)Identifiable assets test. (b)Prepare the necessary disclosures required by GAAP Cineplex 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 2015. $40,000 75,000 $580,000 $35,000 $55,000 Sales revenue Cost of goods sold 19,000 50,000 270,000 19,000 30,000 Operating expenses 10,000 40,000 235,000 12,000 18,000 Total expenses 29,000 90,000 505,000 31,000 48,000 Operating profit (loss $11,000 (15,000) 75,000 4,000 7,000 Identifiable assets $35,000 80,000 $500,000 $65,000 $50,000 Sales of segments B and Cincluded intersegment sales of $20,000 and $100,000, respectively nstructions (a)Determine which of the segments are reportable based on the: (1)Revenue test. (2)operating profit (loss) test (3)Identifiable assets test. (b)Prepare the necessary disclosures required by GAAPStep by Step Solution
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