Cineplex Corporation is a diversified company that operates

Cineplex Corporation is a diversified company that operates in fivedifferent industries: A, B, C, D, and E. The following informationrelating to each segment is available for 2015.ABCDESales revenue$40,000$ 75,000 $580,000$35,000$55,000Cost of goods sold19,00050,000 270,00019,00030,000Operating expenses10,00040,000 235,00012,00018,000Total expenses29,00090,000 505,00031,00048,000Operating profit (loss)$11,000$(15,000)$ 75,000$ 4,000$ 7,000Identifiable assets$35,000$ 80,000 $500,000$65,000$50,000Sales of segments B and C included intersegment sales of $20,000 and $100,000, respectively.Instructions (a)  Determine which of the segments are reportable based on the: (1)  Revenue test. (2)  Operating profit (loss) test. (3)  Identifiable assets test.(b) Prepare the necessary disclosures required by GAAP.


Did you know you can hire someone to answer this question? Yes, classaider.com is a hub of paper writers dedicated to completing research and summaries, critical thinking tasks, essays, coursework, and other homework tasks. It is simple as ABC.