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Problem 24-02 Larkspur Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to
Problem 24-02 Larkspur 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. A B D Sales revenue $40,300 $74,500 $577,000 $35,600 $55,300 19,400 49,000 270,200 30,500 Cost of goods sold Operating expenses 19,100 11.900 10,100 40,000 236,200 17,900 Total expenses 29,500 89,000 506,400 31,000 48,400 Operating profit (loss) $10,800 $70,600 $4,600 $6,900 $(14,500) $80,200 Identifiable assets $35,700 $492,800 $64,100 $50,700 Sales of segments B and C included intersegment sales of $19,600 and $98,800, respectively. Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. LINK TO TEXT 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 B Other Totals External Revenues $ S Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) Identifiable Assets Click if you would like to Show Work for this question: Open Show Work
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