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What is the profit or loss of each of these segments

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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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