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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

FINANCIAL ACCOUNTING
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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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: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
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
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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