Problem 24-02

Pina 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			C		D		E
Sales revenue		$39,600		$76,100			$573,000		$34,400		$56,100
Cost of goods sold		18,800		50,200			270,400		18,600		30,300
Operating expenses		9,800		40,500			237,400		11,800		18,000
Total expenses		28,600		90,700			507,800		30,400		48,300
Operating profit (loss)		$11,000		$(14,600)			$65,200		$4,000		$7,800
Identifiable assets		$34,400		$78,500			$494,800		$64,600		$49,900

Sales of segments B and C included intersegment sales of $20,400 and $101,000, respectively.

Determine which of the segments are reportable based on the:

				Reportable Segment
(1)		Revenue test.		ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E
(2)		Operating profit (loss) test.		ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E
(3)		Identifiable assets test.		ABCDEA and BA and CA and DA, B and CB and CB and EB, D and E

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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		C		Other		Totals
External Revenues		$		$		$		$		$
Intersegment Revenues
Total Revenues										$
Cost of Goods Sold
Operating Expenses
Total Expenses
Operating Profit (Loss)		$		$		$		$		$
Identifiable Assets		$		$		$		$		$

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