3 ### Question 17:**Data for January for Bond Corporation and its two major business segments, North and South, appear below:**- **Sales revenues, North:** $660,000- **Variable expenses, North:** $384,000- **Traceable fixed expenses, North:** $73,000- **Sales revenues, South:** $510,000- **Variable expenses, South:** $296,000- **Traceable fixed expenses, South:** $48,000In addition, common fixed expenses totaled $179,000 and were allocated as follows: $93,000 to the North business segment and $86,000 to the South business segment.A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:#### Multiple Choice:- ○ $7,000- ○ $172,000- ○ $351,000- ○ $496,000### Explanation:The image contains data for a business problem related to calculating the net operating income of Bond Corporation by analyzing its segmented income statement. The segments in discussion are divided into two regions: North and South. The details include itemized revenues, variable expenses, and fixed expenses for each segment. Additionally, common fixed expenses are provided and their allocation to each business segment is specified. The question requires calculating the corporation's overall net operating income using the contribution format. No graphs or diagrams are present in the image.

The question is related to the segmented Income Statement in a contribution format. The Contribution…

17 Data for January for Bondi Corporation and its two major business segments, North and South, appear below Sales revenues, North $ 660,000 Variable expenses, North $ 383,000 $ 79,000 Traceable fixed expenses, North Sales revenues, South Variable expenses, South Traceable fixed expenses, South In addition, common fixed expenses totaled $179.000 and were allocated as follows: $93,000 to the North business segment and $86.000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is Multiple Choice $(7,000) $172,000 $351,000 $ 510,000 $ 291,000 $ 66,000 $496,000

17 Data for January for Bondi Corporation and its two major business segments, North and South, appear below Sales revenues, North $ 660,000 Variable expenses, North $ 383,000 $ 79,000 Traceable fixed expenses, North Sales revenues, South Variable expenses, South Traceable fixed expenses, South In addition, common fixed expenses totaled $179.000 and were allocated as follows: $93,000 to the North business segment and $86.000 to the South business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is Multiple Choice $(7,000) $172,000 $351,000 $ 510,000 $ 291,000 $ 66,000 $496,000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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