Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segmentinformation:Operating Revenues fromSegmentsOutsidersAutosTrucks$ 4,010,0003,510,0002,610,000910,000OperatingExpenses$ 3,610,0004,010,0002,010,000SUVSMotorcycles1,030,000The company incurred additional operating expenses (of a general nature) of $1,210,000.Required A1Required:a1. What is the profit or loss of each of these segments?a2. Perform the profit or loss test to determine which of these segments is separately reportable.IntersegmentRevenuesComplete this question by entering your answers in the tabs below.AutosTrucksSUVSRequired A2MotorcyclesTotal$ 110,000210,000What is the profit or loss of each of these segments?Profit060,000Loss

Segment reporting is a financial accounting technique in which firms are required to provide…

hicle Corporation is organized into four operating segments. The internal reporting Formation: Operating Revenues from Segments Intersegment Revenues Outsiders Autos Trucks $ 4,010,000 3,510,000 2,610,000 910,000 SUVS Motorcycles me company incurred additional operating expenses (of a general nature) of $1,210,C $ 110,000 210,000 Operating Expenses $ 3,610,000 4,010,000 0 60,000 2,010,000 1,030,000 equired: . What is the profit or loss of each of these segments? 2. Perform the profit or loss test to determine which of these segments is separately

hicle Corporation is organized into four operating segments. The internal reporting Formation: Operating Revenues from Segments Intersegment Revenues Outsiders Autos Trucks $ 4,010,000 3,510,000 2,610,000 910,000 SUVS Motorcycles me company incurred additional operating expenses (of a general nature) of $1,210,C $ 110,000 210,000 Operating Expenses $ 3,610,000 4,010,000 0 60,000 2,010,000 1,030,000 equired: . What is the profit or loss of each of these segments? 2. Perform the profit or loss test to determine which of these segments is separately

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter10: Evaluating Decentralized Operations

Section: Chapter Questions

Problem 5E: Service department charges In divisional income statements prepared for Demopolis Company, the...

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Pina Company is involved in four separate industries. The following information is available for each of the four industries. Operating Segment W a. X Y Z Total Revenue Revenue test. $57,246 9,860 24,675 6,919 $98,700 Operating Profit (Loss) $16,970 2,570 (3,260) Determine which of the operating segments are reportable based on the: W&X Reportable Segments 1,220 $17,500 Identifiable Assets $165,764 82,882 20,006 17,148 $285,800
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An entity and its divisions reported the following for the year 20xl: Sales to unaffiliated customers 38,000,000 15,000,000 Intersegment sales of products similar to those sold to unaffiliated customers Interest earned on loans to other operating segments 1,600,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount?
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Locomotive Division Cost of goods sold Direct operating expenses Sales Interest expense General overhead. Income tax Rails Division $ 47,200 27,200 108,000 The income from operations for the Rails Division is O $21,150 Ob. $33,600 O $8,700 O d. $60,800 $30,720 20,040 78,000 Corporate Total $2,040 18,160 4,700
Dancel Company has the following information for its five business segments: Revenue to external Segment Intersegment revenue Segment assets customers A 20,000,000 2,000,000 25,000,000 B 5,000,000 500,000 5,000,000 C. 2,800,000 1,000,000 3,500,000 ID 1,200,000 200,000 1,500,000 E 1,000,000 250,000 1,000,000 How much is the minimum amount of external revenue that should be reported by the reportable segments? A. 22,500,000 B. 27,000.000 C. 49 500,000 D 6.600.00O
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total Cost of goods sold $46,200 $28,800 Direct operating expenses 27,400 21,700 Sales 90,700 67,400 Interest expense $2,600 General overhead 19,600 Income tax 4,000 The gross profit for the Rails Division is Oa. $63,300 Ob. $17,100 Oc. $44,500 Od. $90,700
The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: RailsDivision LocomotiveDivision CorporateTotal Cost of goods sold $47,100 $28,300 Direct operating expenses 27,400 21,300 Sales 93,600 69,000 Interest expense $2,300 General overhead 19,600 Income tax 4,200 The gross profit for the Locomotive Division is a.$69,000 b.$40,700 c.$47,700 d.$19,400
An entity and its divisions reported the following for the current year: Sales to unaffiliated customers 40,000,000 Intersegment sales of product similar to those sold to unaffiliated customers 12,000,000 Interest earned on loans to other operating segments 1,000,000 The entity and all of its divisions are engaged solely in manufacturing operations. To qualify as reportable segment, the segment revenue should at least be what amount? A. 5,300,000 B. 4,100,000 C. 5,200,000 D. 4,000,000
akeAssignmentSessionL... Use this information for Train Corporation to answer the question that follow. The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Согрorate Division Division Total Cost of goods sold $47,700 $30,400 Direct operating expenses 26,500 22,400 Sales 91,200 66,400 Interest expense $2,200 General overhead 19,000 Income tax 4,300 The income from operations for the Rails Division is Oa. $17,000 Ob. $91,200 Oc. $64,700 Od. $43,500 ( Previous Next