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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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
D
E
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
Operating profit (loss)
$11,500
$(13,800)
$75,500
$4,200
$6.300
Identifiable assets
$35,000
$81,200
$494,400
$64,600
$49,500
Sales of segments B and Cincluded intersegment
s 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.
>
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