Elektronix, Inc. has three operating segments with the following information: What is the operating profit or loss for the VCRs segment?
A) $121,000 profit.
B) $121,000 loss.
C) $124,000 profit.
D) $124,000 loss.
E) $500,000 profit.

Question

Elektronix, Inc. has three operating segments with the following information:  What is the operating profit or loss for the VCRs segment?
A) $121,000 profit. 
B) $121,000 loss. 
C) $124,000 profit. 
D) $124,000 loss. 
E) $500,000 profit.

Quizplus · Accepted Answer

VCR Segment Revenue $500,000 - VCR Segment Expenses $624,000 = ($124,000) Loss