Alydar, Inc., manufactures and sells automotive tools through three divisions: Eastern, Southern, and International. Each...
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Accounting
Alydar, Inc., manufactures and sells automotive tools through three divisions: Eastern, Southern, and International. Each division is evaluated as a profit center. Data for each division for last year are as follows:
| Eastern | Southern | International | |||||
| Sales | $3,150,000 | $987,000 | $6,500,000 | ||||
| Cost of goods sold | 1,580,000 | 680,000 | 4,100,000 | ||||
| Selling and administrative expenses | 337,000 | 280,000 | 620,000 |
Alydar, Inc., had corporate administrative expenses equal to $585,000; these were not allocated to the divisions.
Required:
1. Prepare a segmented income statement for Alydar, Inc., for last year.
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