Solution-What is the profit or loss of each of these

What is the profit or loss of each of these segments

Reference no: EM133067450

Question - General Motors is organized into four operating segments: cars, SUV's, Truck, Vans and information about them is as follows:

	Revenues from Outsiders	Intersegment Transfers	Operating expenses
Cars	$4,000,000	$100,000	$3,600,000
Trucks	$3,500,000	$200,000	$4,000,000
SUV's	$2,600,000	$0	$2,000,000
Vans	$900,000	$50,000	$1,020,000

General Motors incurred additional expenses (of a general nature) of $1,200,000

Required -

A) What is the profit or loss of each of these segments?

B) Perform the profit/loss test to determine which of these segments is separately reportable?

Reference no: EM133067450

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What is the profit or loss of each of these segments

Reference no: EM133067450

Reference no: EM133067450

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