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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
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?
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