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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Segment Reporting Parks Conglomerate Company does business in several different industries. The following is a 2010 condensed income statement for the entire company:

Parks has two major operating segments, A and B. No other operating segment contributes 10% or more of the company’s activities. Segments A and B make no sales to each other or to the other segments of the company. An analysis reveals that $2,000 of the total depreciation expense and $6,000 of the total other operating expenses are related to general corporate activities. The remaining expenses and total revenues are directly allocable to segment activities according to the following percentages:

Required
Prepare a schedule that reports on the revenues and profit of Segments A and B and the other operating segments of the Parks Conglomerate Company for 2010. Be sure to reconcile these amounts with the related totals on the preceding income statement. Include notes summarizing the depreciation related to each operating segment and the computation of segment profits.
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