Burnside Corp. is organized into four operating segments. The following segment information was generated by...
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Accounting
Burnside Corp. is organized into four operating segments. The following segment information was generated by the internal reporting system in 2018:
Revenues from Outsiders
Intersegment Revenues
Operating Expenses
Cards
$
1,680,000
$
140,000
$
1,260,000
Calendars
1,260,000
280,000
1,890,000
Clothing
1,400,000
980,000
Books
1,120,000
70,000
1,078,000
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.
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