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Problem 24-02 Shamrock 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 Shamrock 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. C Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets A $40,500 19,000 10,000 29,000 $11,500 $35,100 B $73,700 49,100 40,600 89,700 $(16,000) $80,300 $587,600 271,300 236,500 507,800 $79,800 $510,000 D $35,000 19,300 12,200 31,500 $3,500 $64,300 E $56,000 30,500 18,000 48,500 $7,500 $50,800 Sales of segments B and C included intersegment sales of $19,900 and $99,400, 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 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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