Bramble Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following informationrelating to each segment is available for 2021.ABDESales revenue$40,100$75,800$580,100$35,700$53,900Cost of goods sold18,80050,000269,20019,20029,400Operating expenses9,80039,600235,40012,30018,200Total expenses28,60089,600504,60031,50047,600Operating profit (loss)$11,500$(13,800)$75,500$4,200$6.300Identifiable assets$35,000$81,200$494,400$64,600$49,500Sales of segments B and Cincluded intersegments of $20,200 and $101,800,pectively.(a)Determine which of the segments are reportable based on the:Reportable Segment(1)Revenue test.(2)Operating profit (loss) test.(3)Identifiable assets test.>

All these tests can be computed by calculating the sum of the required test. For instance, if the…

Bramble 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 Sales revenue $40,100 $75,800 $580,100 $35,700 $53,900 Cost of goods sold 18,800 50,000 269,200 19,200 29,400 Operating expenses 9,800 39,600 235,400 12,300 18,200 Total expenses 28,600 89,600 504,600 31,500 47,600 $11,500 $35,000 Operating profit (loss) $(13,800) $75,500 $4,200 $6,300 Identifiable assets $81,200 $494,400 $64,600 $49,500 Sales of segments B and Cincluded intersegment sales of $20,200 and $101,800, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test.

Bramble 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 Sales revenue $40,100 $75,800 $580,100 $35,700 $53,900 Cost of goods sold 18,800 50,000 269,200 19,200 29,400 Operating expenses 9,800 39,600 235,400 12,300 18,200 Total expenses 28,600 89,600 504,600 31,500 47,600 $11,500 $35,000 Operating profit (loss) $(13,800) $75,500 $4,200 $6,300 Identifiable assets $81,200 $494,400 $64,600 $49,500 Sales of segments B and Cincluded intersegment sales of $20,200 and $101,800, respectively. (a) Determine which of the segments are reportable based on the: Reportable Segment (1) Revenue test. (2) Operating profit (loss) test. (3) Identifiable assets test.

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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