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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