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*Problem 24-2 dhil Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to
*Problem 24-2 dhil 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 20 $39,200 $74,900 49,900 39,200 89,100 $585,500 35,700 $55,500 266,300 18,80029,500 232,000 12,300 18,100 47,600 $11,100 S(14,200) $87,200 $4,600 $7,900 $497,600 64,400 $49,900 Sales revenue Cost of goods sold Operating expenses 19,200 8,900 28,100 Total expenses Operating profit (loss) Identifiable assets 498,300 31,100 $34,400 $80,100 Sales of segments B and C included intersegment sales of $19,900 and $98,400, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. (b) 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 External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Sales revenue Cost of goods sold Operating expenses $39,200 $74,900 49,900 39,200 89,100 19,200 8,900 28,100 $585,500 35,700 $55,500 29,500 12,300 18,100 266,300 232,000 498,300 18,800 2 5 -21. 10 47,600 31,100 Total expenses Operating profit (loss) Identifiable assets $11,100 (14,200)$87,200 $4,600 $7,900 $34,400 $80,100 $497,600 $64,400 $49,900 Sales of segments B and C included intersegment sales of $19,900 and $98,400, respectively (a) Determine which of the segments are reportable based on the Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. (b) 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 External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ Identifiable Assets *Problem 24-2 dhil 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 20 $39,200 $74,900 49,900 39,200 89,100 $585,500 35,700 $55,500 266,300 18,80029,500 232,000 12,300 18,100 47,600 $11,100 S(14,200) $87,200 $4,600 $7,900 $497,600 64,400 $49,900 Sales revenue Cost of goods sold Operating expenses 19,200 8,900 28,100 Total expenses Operating profit (loss) Identifiable assets 498,300 31,100 $34,400 $80,100 Sales of segments B and C included intersegment sales of $19,900 and $98,400, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. (b) 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 External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Sales revenue Cost of goods sold Operating expenses $39,200 $74,900 49,900 39,200 89,100 19,200 8,900 28,100 $585,500 35,700 $55,500 29,500 12,300 18,100 266,300 232,000 498,300 18,800 2 5 -21. 10 47,600 31,100 Total expenses Operating profit (loss) Identifiable assets $11,100 (14,200)$87,200 $4,600 $7,900 $34,400 $80,100 $497,600 $64,400 $49,900 Sales of segments B and C included intersegment sales of $19,900 and $98,400, respectively (a) Determine which of the segments are reportable based on the Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. (b) 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 External Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ Identifiable Assets
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