Teal Corporation is a diversified company that operates in five different industries: A, B, C, D,...
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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 2021. A B C D E Sales revenue $40,200 $75,000 $582,000 $35,000 $55,000 Cost of goods sold 19,300 49,500 270,600 19,400 30,500 Operating expenses 9,800 40,800 231,000 12,300 17,600 Total expenses 29,100 90,300 501,600 31,700 48,100 Operating profit (loss) $11,100 $(15,300) $80,400 $3,300 $6,900 Identifiable assets $34,600 $81,500 $504,000 $66,000 $50,600 Sales of segments B and C included intersegment sales of $19,900 and $99,200, respectively. 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 2021. A B C D E Sales revenue $40,200 $75,000 $582,000 $35,000 $55,000 Cost of goods sold 19,300 49,500 270,600 19,400 30,500 Operating expenses 9,800 40,800 231,000 12,300 17,600 Total expenses 29,100 90,300 501,600 31,700 48,100 Operating profit (loss) $11,100 $(15,300) $80,400 $3,300 $6,900 Identifiable assets $34,600 $81,500 $504,000 $66,000 $50,600 Sales of segments B and C included intersegment sales of $19,900 and $99,200, respectively.
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