Burnside Corp.is organized into four operating segments.The following segment information was generated by the internal reporting system in 2008:
General corporate expenses incurred by the company amounted to $650,000.
Required:
1)What was the profit or loss of each of these segments?
2)Prepare the profit or loss test to determine which of these segments was separately reportable.

Question

Burnside Corp.is organized into four operating segments.The following segment information was generated by the internal reporting system in 2008:  
General corporate expenses incurred by the company amounted to $650,000.
Required:
1)What was the profit or loss of each of these segments?
2)Prepare the profit or loss test to determine which of these segments was separately reportable.

Quizplus · Accepted Answer

The Answer of Burnside Corp.is organized into four operating segments.The following segment information was generated by the internal reporting system in 2008:  
General corporate expenses incurred by the company amounted to $650,000.
Required:
1)What was the profit or loss of each of these segments?
2)Prepare the profit or loss test to determine which of these segments was separately reportable.