But Inc. has three lines of business, each of which is a significant industry segment. Dut's sales totaled $900,000 in 2020, of which Segment 3 contributed 60%. Traceable costs were $300,000 for Segment 3 from a total of $600,000 for the company as a whole. In addition, $200,000 of common costs are allocated in the ratio of a segment's income before common costs to the total income before common costs. For Segment 3, Dut should report 2020 profit of: $150,000 O $80,000 $120,000

But Inc. has three lines of business, each of which is a significant industry segment. Dut's sales totaled $900,000 in 2020, of which Segment 3 contributed 60%. Traceable costs were $300,000 for Segment 3 from a total of $600,000 for the company as a whole. In addition, $200,000 of common costs are allocated in the ratio of a segment's income before common costs to the total income before common costs. For Segment 3, Dut should report 2020 profit of: $150,000 O $80,000 $120,000

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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