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Question 23 of 30 - 71 Carla Vista Company's condensed income statement is presented below: $977,000 Revenues Expenses Cost of goods sold Operating and administrative
Question 23 of 30 - 71 Carla Vista Company's condensed income statement is presented below: $977,000 Revenues Expenses Cost of goods sold Operating and administrative expenses Depreciation expense Income before taxes $400,000 186,000 32.000 618,000 359,000 78,000 $281,000 Income tax expenses Net income Earnings per share (100,000 shares) $2.81 The following data is compiled relative to Carla Vista's operating segments: Percent Identified with Segment Hotels Grains Candy 42 % 50 % 8 % Revenues 46 46 8 Cost of goods sold Operating and administrative expense Depreciation expense 34 50 16 45 42 13 Included in the amounts allocated to each segment on the above percentages are the following expenses which relate to general corporate activities: Totals Operating Segment Hotels Grains Candy $13,000 $6,700 $3,000 4,700 2,700 3.800 Operating and administrative expense Depreciation expense $22,700 11,200 (a) Prepare a schedule showing the amounts distributed to each segment. Operating Segment Grains Hotels Candy Revenues $ $ $ $ Expenses Cost of goods sold Operating and admin. expense Depreciation expense Total expenses Operating profit $ $ $ $
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