Oriole 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 $39,500 19,100 10,200 29,300 B $74,600 49,500 40,600 90,100 $10,200 $(15,500) $34,500 $81,600 $570,500 $35,300 D 264,900 235,700 500,600 E 19,100 12,100 31,200 48,000 $69,900 $4,100 $7,000 $505,400 $65,400 $49,400 $55,000 30,200 17,800 Sales of segments B and C included intersegment sales of $20,400 and $99,000, respectively.
Oriole 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 $39,500 19,100 10,200 29,300 B $74,600 49,500 40,600 90,100 $10,200 $(15,500) $34,500 $81,600 $570,500 $35,300 D 264,900 235,700 500,600 E 19,100 12,100 31,200 48,000 $69,900 $4,100 $7,000 $505,400 $65,400 $49,400 $55,000 30,200 17,800 Sales of segments B and C included intersegment sales of $20,400 and $99,000, respectively.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Oriole 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
(a)
(1)
(2)
$39,500
(3)
19,100
Revenue test.
10,200
29,300
$10,200
B
$74,600
Operating profit (loss) test.
49,500
entifiable assets test.
40,600
90,100
$34,500 $81,600
с
Determine which of the segments are reportable based on the:
264,900
$570,500 $35,300 $55,000
235,700
500,600
Sales of segments B and C included intersegment sales of $20,400 and $99,000, respectively.
D
19,100
12,100
Reportable Segment
E
31,200
$(15,500) $69,900 $4,100 $7,000
$505,400 $65,400 $49,400
30,200
17,800
48,000
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