Prepare a schedule that reflects required disclosures

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Reference no: EM132031230

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.

Reference no: EM132031230

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