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Please answer A, B, E, Others & Totals!! Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the
Please answer A, B, E, Others & Totals!!
Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) B E Other Totals $ $ $ $ $ $ $ $ $ $ $ $ $ Current Attempt in Progress Concord 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. B D E Sales revenue $345.000 $126,000 $83,000 $19,000 $492,000 Cost of goods sold 197,000 90,000 30,000 8,000 308,000 Operating expenses 61.000 56,000 35,000 6,000 112,000 Total expenses 258,000 146,000 65,000 14,000 420,000 Operating profit (loss) $87,000 $(20,000) $18,000 $5,000 $72,000 Identifiable assets $131,000 $29,000 $51,000 $5,000 $390,000 Sales of segments A and C included intersegment sales of $45,000 and $78,000, respectively. Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number eg. -45 or parentheses eg. (45).) A B E External Revenues $ $ $ $ Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses - Total Expenses Operating Profit (Loss) $ $ $ | | 4 Identifiable Assets $ $ $ $ $ (a) Your answer is partially correct. Determine which of the segments are reportable based on the: A B D E Reportable Reportable Reportable Not Reportable Not Reportable Reportable Reportable Reportable Not Reportable Not Reportable V Reportable v Reportable Reportable Not Reportable Not Reportable Attomnt. 1 of 1 usadStep by Step Solution
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