FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment
information:
Operating Revenues from
Segments
Outsiders
Operating
Expenses
$ 3,610,000
$ 4,010,000
3,510,000
4,010,000
2,610,000
910,000
2,010,000
Motorcycles
1,030,000
The company incurred additional operating expenses (of a general nature) of $1,210,000.
Autos
Trucks
SUVS
Required:
a1. What is the profit or loss of each of these segments?
a2. Perform the profit or loss test to determine which of these segments is separately reportable.
Required A1
Complete this question by entering your answers in the tabs below.
Intersegment
Revenues
$ 110,000
210,000
Autos
Trucks
SUVS
Required A2
Motorcycles
Total
What is the profit or loss of each of these segments?
0
60,000
Profit
Loss
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Transcribed Image Text:Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Operating Revenues from Segments Outsiders Operating Expenses $ 3,610,000 $ 4,010,000 3,510,000 4,010,000 2,610,000 910,000 2,010,000 Motorcycles 1,030,000 The company incurred additional operating expenses (of a general nature) of $1,210,000. Autos Trucks SUVS Required: a1. What is the profit or loss of each of these segments? a2. Perform the profit or loss test to determine which of these segments is separately reportable. Required A1 Complete this question by entering your answers in the tabs below. Intersegment Revenues $ 110,000 210,000 Autos Trucks SUVS Required A2 Motorcycles Total What is the profit or loss of each of these segments? 0 60,000 Profit Loss
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