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Chinese Corporation is a diversified company that operates in five different industries: Cashew Chicken, Beef & Broccoli, Mongolian Beef, Sweet & Sour Pork, and Sesame
Chinese Corporation is a diversified company that operates in five different industries: Cashew Chicken, Beef & Broccoli, Mongolian Beef, Sweet & Sour Pork, and Sesame Chicken. The following information relating to each segment is available for 2014. Cashew Chicken Beef & Broccoli Mongolian Beef Sweet & Sour Pork Sesame Chicken Sales Revenue $ 40,000 $ 75,000 $ 580,000 $ 35,000 $ 55,000 COGS $ (19,000) $ (50,000) $ (270,000 $ (19,000) $ (30,000) Operating Expenses (10,000) $ (40,000) $ (235,000) $ (12,000) $ (18,000) Total Expenses (29,000) $ (90,000) $ (505,000) $ (31,000) $ (48,000) Operating Profit (Loss) $ 11,000 $ (15,000) $ 75,000 $ 4,000 $ 7,000 S 80,000 $ 500,000 $ 65,000 $ 50,000 Identifiable Assets 35,000 $ Determine which of the segments are reportable
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