Wildhorse Corporation is a diversified company that operates in five different industries: A, B, C, D,...
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Wildhorse 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 $39,200 $73,600 $586,600 $35,500 $55,700 Cost of goods sold 19.100 50,600 265,300 19,300 29.400 Operating expenses 9.200 40,800 239,300 12,000 18,300 Total expenses 28,300 91,400 504,600 31,300 47,700 Operating profit (loss) $10,900 $(17,800) $82,000 $4,200 $8,000 Identifiable assets $34,300 $81,500 $508,600 $66,000 $50,700 Sales of segments B and C included intersegment sales of $19,800 and $100,800, respectively. (a) Determine which of the segments are reportable based on the: (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. eTextbook and Media Save for Later Reportable Segment Attempts: 0 of 3 used Submit Answer Wildhorse 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 $39,200 $73,600 $586,600 $35,500 $55,700 Cost of goods sold 19.100 50,600 265,300 19,300 29.400 Operating expenses 9.200 40,800 239,300 12,000 18,300 Total expenses 28,300 91,400 504,600 31,300 47,700 Operating profit (loss) $10,900 $(17,800) $82,000 $4,200 $8,000 Identifiable assets $34,300 $81,500 $508,600 $66,000 $50,700 Sales of segments B and C included intersegment sales of $19,800 and $100,800, respectively. (a) Determine which of the segments are reportable based on the: (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test. eTextbook and Media Save for Later Reportable Segment Attempts: 0 of 3 used Submit Answer
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