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 2026. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets (a) 1. 2. A 3. $40,600 Revenue test. 19,000 9,900 28,900 B $75,500 Operating profit (loss) test. 49,000 Identifiable assets test. 39,800 $11,700 $(13,300) $35,500 $80,300 88,800 с $571,400 Determine which of the segments are reportable based on the: 265,800 A 231,800 497,600 $73,800 Sales of segments B and C included intersegment sales of $20,100 and $100,400, respectively. Reportable Segment D $34,700 18,900 12,300 31,200 E $56,000 30,300 $3,500 $7,800 $499,500 $65,800 $49,400 17,900 48,200

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 2026. Sales revenue Cost of goods sold Operating expenses Total expenses Operating profit (loss) Identifiable assets (a) 1. 2. A 3. $40,600 Revenue test. 19,000 9,900 28,900 B $75,500 Operating profit (loss) test. 49,000 Identifiable assets test. 39,800 $11,700 $(13,300) $35,500 $80,300 88,800 с $571,400 Determine which of the segments are reportable based on the: 265,800 A 231,800 497,600 $73,800 Sales of segments B and C included intersegment sales of $20,100 and $100,400, respectively. Reportable Segment D $34,700 18,900 12,300 31,200 E $56,000 30,300 $3,500 $7,800 $499,500 $65,800 $49,400 17,900 48,200

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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