Question

Vehicle Corporation is organized into four operating segments. The internal reporting system generated the following segment information: Autos Trucks SUVs Motorcycles Revenues from Outsiders $ 4,019,000 3,519,000 2,619,000 919,000 Intersegment Transfers $ 119,000 219,000 0 69,000 Operating Expenses $ 3,619,000 4,019,000 2 ,019,000 1,039,000 The company incurred additional operating expenses (of a general nature) of $1,219,000. a. What is the profit or loss of each of these segments? b. Perform the profit or loss test to determine which of these segments is separately reportable. Complete this question by entering your answers in the tabs below. Required A Required B What is the profit or loss of each of these segments? Profit Loss Autos Trucks SUVs Motorcycles Total < Required A RequiredB Σ

Answer 1

ADSwer r Create atable deter m) ning Profit Or LOSS Of Segments Seg ments Revenues Fmm ntersegment Operahng pfit Transfer LOSS oursiders ER Penses $119.000 G361,000) SS19.000 S019200 Autos 281,000 219000 D9,000) 83519000 Truces 20,19,000) 600, 000 SUVS 0 2619,000 $69000 S1039.000 SSIO00 motor sq19000 cycle S1 19, 000 $332000 Since the pritamount isareates th Amount oill be used to measure the thershold The Amount of 107. tsused 1o detemmine the thershold fir pro fit it Ant segment is greatmhan oreaual Or Loss the n ismust be separately Dilclosed Threshold Amount= 11,19o00x 10$111900 AutosTrucles and Su US ane reported separalely