Bridgeport 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. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets Show Transcribed Text (1) (2) (3) A Revenue test. $40,600 18,800 50,100 10,100 Your answer is correct. Show Transcribed Text B $74.000 Operating profit (loss) test. Identifiable assets test. 40,000 90.100 28,900 $11,700 $(16,100) $70,400 $35,500 $80,600 Determine which of the segments are reportable based on the Reportable Segment 3 Sales of segments B and C included intersegment sales of $20,400 and $99.100, respectively C C A B and C B and C $570,200 $35,600 19,300 267,200 232,600 499,800 31.600 $4,000 D 12,300 Ć E $54,800 30,600 17,800 48,400 $493,000 $65,100 $51,000 $6,400
Bridgeport 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. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets Show Transcribed Text (1) (2) (3) A Revenue test. $40,600 18,800 50,100 10,100 Your answer is correct. Show Transcribed Text B $74.000 Operating profit (loss) test. Identifiable assets test. 40,000 90.100 28,900 $11,700 $(16,100) $70,400 $35,500 $80,600 Determine which of the segments are reportable based on the Reportable Segment 3 Sales of segments B and C included intersegment sales of $20,400 and $99.100, respectively C C A B and C B and C $570,200 $35,600 19,300 267,200 232,600 499,800 31.600 $4,000 D 12,300 Ć E $54,800 30,600 17,800 48,400 $493,000 $65,100 $51,000 $6,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Hh1.
Account
Transcribed Image Text:Bridgeport 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.
Sales revenue
Cost of goods sold
Operating expenses
Total expenses
Operating profit (loss)
Identifiable assets
Show Transcribed Text
(1)
(2)
(3)
A
$40,600
18,800
Revenue test.
10.100
Your answer is correct.
Show Transcribed Text
B
Operating profit (loss) test.
$74.000
50,100
40,000
232,600
28,900
499,800 31.600
$11.700 $(16,100) $70,400 $4,000
$35,500 $80,600
Determine which of the segments are reportable based on the
Reportable Segment
Identifiable assets test.
Sales of segments B and C included intersegment sales of $20,400 and $99.100, respectively
90.100
C
$570,200 $35,600
19,300
C
267,200
B and C
D
A Band C v
12,300
E
$54,800
30,600
17,800
$6,400
$493,000 $65,100 $51,000
48,400
Transcribed Image Text:Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number eg
-45 or parentheses eg. (45))
External Revenues
Intersegment Revenues
Total Revenues
Cost of Goods Sold
Operating Expenses
Total Expenses
Operating Profit (Loss)
Identifiable Assets
Show Transcribed Text
$
Ć
B
Other
$
S
5
C
Totals
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