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Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Common fixed expenses totaled $181,000 and were allocated
Pratt Corporation has two major business segments-Apparel and Accessories. Data concerning those segments for October appear below: Common fixed expenses totaled $181,000 and were allocated as follows: $74,000 to the Apparel business segment and $107,000 to the Accessories business segment. Prepare a segmented income statement in the contribution format for the company
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