Pina 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. A B C D E Sales revenue $39,500 $74,600 $570,500 $35,300 $55,000 Cost of goods sold 19,100 49,500 264,900 19,100 30,200 Operating expenses 10,200 40,600 235,700 12,100 17,800 Total expenses 29,300 90,100 500,600 31,200 48,000 Operating profit (loss) $10,200 $(15,500) $69,900 $4,100 $7,000 Identifiable assets $34,500 $81,600 $505,400 $65,400 $49,400 Sales of segments B and C included intersegment sales of $20,400 and $99,000, respectively. Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) A B C Other Totals External Revenues $ $ $ $ $ Intersegment Revenues Total Revenues $ Cost of Goods Sold Operating Expenses Total Expenses Operating Profit (Loss) $ $ $ $ $ Identifiable Assets $ $ $ $ $

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Question

Pina 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.

	A	B		C		D		E
Sales revenue	$39,500	$74,600		$570,500		$35,300		$55,000
Cost of goods sold	19,100	49,500		264,900		19,100		30,200
Operating expenses	10,200	40,600		235,700		12,100		17,800
Total expenses	29,300	90,100		500,600		31,200		48,000
Operating profit (loss)	$10,200	$(15,500)	$69,900		$4,100		$7,000
Identifiable assets	$34,500	$81,600		$505,400		$65,400		$49,400

Sales of segments B and C included intersegment sales of $20,400 and $99,000, respectively.

Prepare the necessary disclosures required by GAAP. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)

	A	B	C	Other	Totals
External Revenues	$	$	$	$	$
Intersegment Revenues
Total Revenues					$
Cost of Goods Sold
Operating Expenses
Total Expenses
Operating Profit (Loss)	$	$	$	$	$
Identifiable Assets	$	$	$	$	$

Expert Solution

Trending now

This is a popular solution!

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Discontinuing operations for a product or a service line

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions