Question
Margaret Corporation, a publicly owned corporation, assesses performance and makes operating decisions using the following information for its reportable segments. The total revenues reported by
Margaret Corporation, a publicly owned corporation, assesses performance and makes operating decisions using the following information for its reportable segments. The total revenues reported by the segment, totaled, P608,000, while its total profit and loss amounted to P105,000. Included in the total profit and loss are intersegment profits of P16,100. In addition, Margaret has P5,500 of common costs for its reportable segments that are not allocated in reports used internally. For purposes of segment reporting, Margaret should report segment profit of?
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