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Problem 24-02 Larkspur Corporation is a diversified company that operates in five diferent 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 diferent industries: A, B, C, D, and E. The following information relating to each segment is available for 2021 C Salet revenue $40,100 $74,500 $575,600 $34,900 $55,000 Cost of good sold 19,400 49,200 270,00 19,100 29,900 Operating expenses 10,100 39,700 235,900 12.000 18,300 Total expenses 29,500 89.900 506,200 31,100 48,200 Operating profit loss) $10,600 $(14,400) $69,400 $3,800 $6,000 Identifiable assets $35,600 579,000 $490,300 $65.700 549,700 Sales of segments and included intersegment sales of $20,300 and 5101.700, respectively. Determine which of the segments are reportable based on the Reportable segment (1) Revenue test c (2) Operating profit (los) test, A and (3) Identifiable assetstest Band Prepare the necessary disclosures required by GAAP (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.o. (45).) Other Totals 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).) Other Totals A B $ External Revenues $ 40100 $ 0 Intersement Revenues 0 Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) 5 Identifiable Assets Click if you would like to Show Work for this question: Open Show Work
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