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Transport Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks SUVs Motorcycles Percentage threshold Required: Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 $3,555,000 $255,000 $4,055,000 $2,655,000 $0 $2,045,000 $955,000 $65,000 $1,075,000 10% Note: Use cells A2 to D9 from the given information to complete this question. Formulas for losses must return negative values. Calculate the profit or loss per segment and determine which segments should be reported separately. Autos Trucks SUVs Motorcycles Total Percentage threshold Absolute value of profit or loss * 10% Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 Profit $555,000 Loss Exceeds Reporting Threshold $3,555,000 $255,000 $4,055,000 ($245,000) $2,655,000 So $2,045,000 $955,000 $65,000 $1,075,000 $555,000 10% ($245,000) 10%

Transport Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks SUVs Motorcycles Percentage threshold Required: Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 $3,555,000 $255,000 $4,055,000 $2,655,000 $0 $2,045,000 $955,000 $65,000 $1,075,000 10% Note: Use cells A2 to D9 from the given information to complete this question. Formulas for losses must return negative values. Calculate the profit or loss per segment and determine which segments should be reported separately. Autos Trucks SUVs Motorcycles Total Percentage threshold Absolute value of profit or loss * 10% Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 Profit $555,000 Loss Exceeds Reporting Threshold $3,555,000 $255,000 $4,055,000 ($245,000) $2,655,000 So $2,045,000 $955,000 $65,000 $1,075,000 $555,000 10% ($245,000) 10%

Survey of Accounting (Accounting I)
Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 14.3E
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Transport Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks SUVs Motorcycles Percentage threshold Required: Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 $3,555,000 $255,000 $4,055,000 $2,655,000 $0 $2,045,000 $955,000 $65,000 $1,075,000 10% Note: Use cells A2 to D9 from the given information to complete this question. Formulas for losses must return negative values. Calculate the profit or loss per segment and determine which segments should be reported separately. Autos Trucks SUVs Motorcycles Total Percentage threshold Absolute value of profit or loss * 10% Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 Profit $555,000 Loss Exceeds Reporting Threshold $3,555,000 $255,000 $4,055,000 ($245,000) $2,655,000 So $2,045,000 $955,000 $65,000 $1,075,000 $555,000 10% ($245,000) 10%
Transcribed Image Text:Transport Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks SUVs Motorcycles Percentage threshold Required: Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 $3,555,000 $255,000 $4,055,000 $2,655,000 $0 $2,045,000 $955,000 $65,000 $1,075,000 10% Note: Use cells A2 to D9 from the given information to complete this question. Formulas for losses must return negative values. Calculate the profit or loss per segment and determine which segments should be reported separately. Autos Trucks SUVs Motorcycles Total Percentage threshold Absolute value of profit or loss * 10% Revenues from Intersegment Operating Outsiders Transfers Expenses $4,055,000 $155,000 $3,655,000 Profit $555,000 Loss Exceeds Reporting Threshold $3,555,000 $255,000 $4,055,000 ($245,000) $2,655,000 So $2,045,000 $955,000 $65,000 $1,075,000 $555,000 10% ($245,000) 10%
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