Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154,000 Metro Suburban Outlying $770,000 $370,000 104,000 54,000 276,000 106,000 44,000 356,000 184,000 154,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000.
Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154,000 Metro Suburban Outlying $770,000 $370,000 104,000 54,000 276,000 106,000 44,000 356,000 184,000 154,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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