Bonita 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 ESales revenue $39,300 $74,500 $582,400 $35,000 $55,100Cost of goods sold 19,300 50,600 267,500 18,800 29,900Operating expenses 9,000 40,800 232,100 12,200 18,200 Total expenses 28,300 91,400 499,600 31,000 48,100Operating profit (loss) $11,000 $(16,900) $82,800 $4,000 $7,000Identifiable assets $35,700 $79,400 $502,100 $65,600 $49,100Sales of segments B and C included intersegment sales of $20,200 and $99,600, respectively. Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A B C Other TotalsExternal Revenues $ $ $ $ $ Intersegment Revenues Total Revenues $ Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ $ $ $ $ Identifiable Assets $ $ $ $ $

GAAP stands for Generally Accepted Accounting Principles, which is defined as the collection of the…

Answered: Bonita Corporation is a diversified…

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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Bonita 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	$39,300	$74,500		$582,400		$35,000		$55,100
Cost of goods sold	19,300	50,600		267,500		18,800		29,900
Operating expenses	9,000	40,800		232,100		12,200		18,200
Total expenses	28,300	91,400		499,600		31,000		48,100
Operating profit (loss)	$11,000	$(16,900)	$82,800		$4,000		$7,000
Identifiable assets	$35,700	$79,400		$502,100		$65,600		$49,100

Sales of segments B and C included intersegment sales of $20,200 and $99,600, respectively.

Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

	A	B	C	Other	Totals
External Revenues	$	$	$	$	$
Intersegment Revenues
Total Revenues					$
Cost of Goods Sold
Operating Expenses
Total Expenses
Operating Profit (Loss)	$	$	$	$	$
Identifiable Assets	$	$	$	$	$

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