The Latin Company is made up of five operating segments.Information concerning these segments for 2010 is shown below:
$\begin{array}{lccccc}
& \underline{\text {A}}& \underline{\text {B}}& \underline{\text {C}}& \underline{\text {D}}& \underline{\text {E}}\
\text { Sales } & \$ 127,000 & \$ 16,000 & \$ 24,000 & \$ 19,000 & \$ 15,000 \
\text { Operating expenses } & 88,000 & 15,800 & 14,900 & 12,200 & 13,100 \
\text { Segment as sets } & 125,000 & 25,000 & 60,000 & 25,000 & 20,000
\end{array}$ Included in Latin's operating expenses are general corporate expenses of $16, 000.
Required:
Based on the provisions of current GAAP, prepare a schedule that reflects required disclosures about operating segments from the above information for Latin Company exclusive of any footnotes.

Question

The Latin Company is made up of five operating segments.Information concerning these segments for 2010 is shown below:
 $\begin{array}{lccccc}
& \underline{\text {A}}& \underline{\text {B}}& \underline{\text {C}}& \underline{\text {D}}& \underline{\text {E}}\
\text { Sales } & \$ 127,000 & \$ 16,000 & \$ 24,000 & \$ 19,000 & \$ 15,000 \
\text { Operating expenses } & 88,000 & 15,800 & 14,900 & 12,200 & 13,100 \
\text { Segment as sets } & 125,000 & 25,000 & 60,000 & 25,000 & 20,000
\end{array}$  Included in Latin's operating expenses are general corporate expenses of $16, 000.
Required:
Based on the provisions of current GAAP, prepare a schedule that reflects required disclosures about operating segments from the above information for Latin Company exclusive of any footnotes.

Quizplus · Accepted Answer

The Answer of The Latin Company is made up of five operating segments.Information concerning these segments for 2010 is shown below:
 $\begin{array}{lccccc}
& \underline{\text {A}}& \underline{\text {B}}& \underline{\text {C}}& \underline{\text {D}}& \underline{\text {E}}\
\text { Sales } & \$ 127,000 & \$ 16,000 & \$ 24,000 & \$ 19,000 & \$ 15,000 \
\text { Operating expenses } & 88,000 & 15,800 & 14,900 & 12,200 & 13,100 \
\text { Segment as sets } & 125,000 & 25,000 & 60,000 & 25,000 & 20,000
\end{array}$  Included in Latin's operating expenses are general corporate expenses of $16, 000.
Required:
Based on the provisions of current GAAP, prepare a schedule that reflects required disclosures about operating segments from the above information for Latin Company exclusive of any footnotes.

The Latin Company Is Made Up of Five Operating Segments