Reference no: EM132966345

Pan Corp. is organized into four operating segments. The following segment information was generated by the internal reporting system in 2021:

                            Revenues from
                                Outsiders                  Intersegment
                                                                                                       Revenues Operating
                                                                        Expenses
Food processors  $ 2,000,000                $ 108,000                $ 1,350,000
Coffee makers     1,400,000                237,000                       1,792,000
Bread makers         1,200,000              -                                  947,000
Toasters              800,000                 55,000                          710,000

Problem 1) What was the profit or loss of each of these segments?

Problem 2) Prepare the profit or loss test to determine which of these segments was separately reportable.