Prepare the necessary disclosures required by GAAP.

Problem 24-2 Page 1 of 1 Print by: Kelly Casebier AC302: Intermediate Accounting III - 1602B-01 / AC302 Unit 10 HW Assignment *Problem 24-2 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. A B $43,100 Sales revenue Cost of goods sold Operating expenses C $78,300 $582,400 D E $39,800 $54,700 19,900 53,900 274,900 19,900 32,700 9,741 43,100 236,800 12,200 18,130 50,830 97,000 511,700 32,100 Operating profit (loss) $13,459 29,641 $(18,700) $70,700 $7,700 $3,870 Identifiable assets $40,500 $89,800 $505,300 $67,500 $53,900 Total expenses Sales of segments B and C included intersegment sales of $22,410 and $102,630, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. C (2) Operating profit (loss) test. A and C (3) Identifiable assets test. B and C (b) Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A External Revenues $ 43100 B $ C $ Other $ Totals $ Intersegment Revenues Total Revenues $ Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ $ $ $ $ Identifiable Assets $ $ $ $ $ Question Attempts: 0 of 3 used Copyright 2000-2016 by John Wiley & Sons, Inc. or related companies. All rights reserved. http://edugen.wiley.com/edugen/shared/assignment/test/qprint.uni 5/27/2016