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Exercise 11 (LO 6) Determination of reportable segments, reconciliation to con- solidated totals. A large diversified company divides its operations into several operating segments.
Determine which of the following segments are reportable, and reconcile the reportable seg- ments to the consolidated revenue and profit.
|
|
Publishing |
Talent Agency |
Cable Networks |
Radio Stations |
Film Production |
Consolidated Totals |
|
Revenues: |
|
|
|
|
|
|
|
External . . . . . . . . . . . . . . . . . |
$1,200,000 |
$ 850,000 |
$3,771,500 |
$ 810,700 |
$1,090,000 |
$9,074,000 |
|
Intersegment . . . . . . . . . . . . . |
110,000 |
0 |
672,000 |
0 |
57,800 |
0 |
|
Expenses . . . . . . . . . . . . . . . . . . |
385,000 |
1,299,000 |
1,257,700 |
1,048,700 |
727,800 |
4,634,500 |
|
Assets. . . . . . . . . . . . . . . . . . . . . |
970,000 |
670,000 |
3,893,500 |
770,000 |
720,500 |
8,276,000 |
Assume that there is no intercompany profit included in ending inventory.