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Problem 24-02 (Part Level Submission) Concord Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following
Problem 24-02 (Part Level Submission) 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. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets A $40,600 18,800 10,100 28,900 $11,700 $35,500 B $ 74,000 50,100 40,000 90,100 $(16,100) $80,600 $570,200 267,200 232,600 499,800 $ 70,400 $493,000 $35,600 19,300 12,300 31,600 $4,000 $65,100 $ 54,800 30,600 17,800 48,400 $6,400 $51,000 Sales of segments B and C included intersegment sales of $20,400 and $99, 100, respectively. 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 40600 74000 570200 Intersegment Revenues 0 Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ Identifiable Assets
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