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Problem 24-2 Teal 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 Teal 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. Sales revenue Cost of goods sold Operating expenses $40,300 $73,800 $578,100 $35,600 $55,000 19,10050,100 270,800 19,200 29,500 234,600 12,000 18,000 28,900 89,900 505.400 31,200 47,500 9.800 39,800 Total expenses Operating profit (loss) $11,400 S(16,100) $72,700 $4,400 $7,500 Identifiable assets $34,600 $79,100 $506,900 $63,800 $50,000 Sales of segments B and C included intersegment sales of $20,100 and $99,800, respectively. (a) Determine which of the segments are reportable based on the ortable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets t est (b) Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e-g. -45 or parentheses eg. (45)) Other Totals Extemal Revenues Revenues Total Revenues Cost of Goods Sold Identifiable Assets
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