Question
Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Revenues from Outsiders Intersegment Transfers Operating Expenses Autos
Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information:
| Revenues from Outsiders | Intersegment Transfers | Operating Expenses | |||||||||
| Autos | $ | 4,024,000 | $ | 124,000 | $ | 3,624,000 | |||||
| Trucks | 3,524,000 | 224,000 | 4,024,000 | ||||||||
| SUVs | 2,624,000 | 0 | 2,024,000 | ||||||||
| Motorcycles | 924,000 | 74,000 | 1,044,000 | ||||||||
The company incurred additional operating expenses (of a general nature) of $1,224,000.
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What is the profit or loss of each of these segments?
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Perform the profit or loss test to determine which of these segments is separately reportable.
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Management Systems Audit Risk Mitigation
Authors: Mr Indulis L Svikis
1st Edition
B084DGQJJ5, 979-8607031909
