Fireside Corporation is organized into four operating segments. The internal reporting system generated the following segment information:
|
Revenues from |
Intersegment |
Operating |
|
|
Cards |
$1,200,000 |
$100,000 |
$900,000 |
|
Calendars |
900,000 |
200,000 |
1,350,000 |
|
Clothing |
1,000,000 |
–0– |
700,000 |
|
Books |
800,000 |
50,000 |
770,000 |
The company incurred additional operating expenses (of a general nature) of $700,000.
What is the profit or loss of each of these segments? Perform the profit or loss test to determine which of these segments is separately reportable.