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Problem 24-2 Pharoah 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 Pharoah 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 2018 S5RE Eo 39,200 $74,900 49.900 $35,700 $55,500 18 800 29,50d 18,100 47,600 $7,900 4 400$49,900 Sales revenue Cost of goods sold Operating expenses 585,500 95 19,200 8,900 28,100 232,000 Total expenses Operating profit (loss) Identifiable assets 89,100 11,100 14200) $87,200 $4,600 $497,600 $34,400 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) (2) (3) Revenue test Operating profit (loss) test 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).) Totals Other Extemal Revenues Intersegment Revenues Total Revenues Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) s Identifiable Assets
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