Problem - The Azle Company is made up of five operating segments. Information concerning these segments for 2014 is shown below:
|
|
A
|
B
|
C
|
D
|
E
|
|
Sales-external customers
|
$38,000
|
$32,000
|
$48,000
|
$30,000
|
$220,000
|
|
Integrated Sales
|
|
|
|
|
34,000
|
|
Operating Profit/Loss
|
13,600
|
(3,600)
|
18,200
|
7,800
|
78,000
|
|
Segment Assets
|
51,000
|
50,000
|
120,000
|
40,000
|
250,000
|
The company has general corporate expenses of $32,000 not included in the segment operating profits. Corporate assets not included in the above totals were $50,000.
Required:
a) Determine which operating segments must be disclosed. Show Work for tests and resulting segments.
b) Based on the provisions of current GAAP. Prepare a schedule that reflects required disclosures about operating segments from the above information for the company.