Sunland 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   $39,900   $75,300     $573,800   $35,400   $55,100 Cost of goods sold   19,000   49,500     265,900   19,300   30,200 Operating expenses   10,100   40,500     233,700   11,900   18,300     Total expenses   29,100   90,000     499,600   31,200   48,500 Operating profit (loss)   $10,800   $(14,700)   $74,200   $4,200   $6,600 Identifiable assets   $35,200   $79,900     $493,400   $66,300   $49,900 Sales of segments B and C included intersegment sales of $20,300 and $98,400, respectiv

Monty 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   $39,600   $76,200     $575,500   $34,400   $54,400 Cost of goods sold   19,100   49,600     267,500   19,300   30,300 Operating expenses   10,200   39,400     231,500   11,900   18,300     Total expenses   29,300   89,000     499,000   31,200   48,600 Operating profit (loss)   $10,300   $(12,800)   $76,500   $3,200   $5,800 Identifiable assets   $35,400   $79,400     $509,700   $64,300   $50,300 Sales of segments B and C included intersegment sales of $20,200 and $101,700, respectively.   Determine which of the segments are reportable based on the:         Reportable Segment (1)   Revenue test.       (2)   Operating profit (loss) test.       (3)   Identifiable assets test.

Waterway Company is involved in four separate industries. The following information is available for each of the four industries Operating Segment w X Total Revenue $56,202 9,680 24,225 6,793 $96,900 Operating Profit (Loss) $16,000 2,480 (3,130) 1,150 $16,500 Identifiable Assets $172,434 86,217 20,811 17,838 $297,300 Y Z Determine which of the operating segments are reportable based on the: Reportable Segments (a) Revenue test. (b) Operating profit (loss) test. (c) Identifiable assets test.

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The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Locomotive Division Cost of goods sold Direct operating expenses Sales Interest expense General overhead. Income tax Rails Division $ 47,200 27,200 108,000 The income from operations for the Rails Division is O $21,150 Ob. $33,600 O $8,700 O d. $60,800 $30,720 20,040 78,000 Corporate Total $2,040 18,160 4,700

Saved He Chevalier Company has identified five industry segments: plastics, metals, lumber, paper, and finance. t appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Accounts Sales to outside parties Intersegment sales Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) Plastics $ 6,625 Metals $ 2,334 Lumber $ 701 Paper $ 412 Finance 146 169 134 146 $ 0 0 0 32 19 0 40 0 0 0 0 197 4,174 74 1,742 1,046 644 29 29 64 30 100 1,467 85 0 3,176 504 751 169 399 0 0 61 0 0 0 702 Chevalier does not allocate its $1,480,000 in common expenses to the various segments. Required: a1. Perform revenue test procedure to determine Chevalier's reportable operating segments. a2. Perform profit or loss test procedure to determine Chevalier's reportable operating segments. a3. Perform…

Data for the three operating segments of Polyglot Company for the fiscal year ended June 30, 2006 were as follows (amounts in thousands): Alpha Beta Gamma TotalSales to outside customers $400 $500 $600 $1,500Intersegmental sale 50 40 30 120Traceable Expenses Intersegmental purchases 60 20 40 120Other 200 300 500 1,000Nontraceable expenses 150 Prepare a working paper to compute revenue and segment profit or loss for each segment. Nontracable expenses are allocated using the follow percentages: Alpha 27%; Beta 33%; Gamma 40%.