Solution-Prepare the necessary disclosures required by gaap

Prepare the necessary disclosures required by gaap

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Reference no: EM133069668

Question - Crane Corporation is a diversified company that operates in five different industries: A, B, C, D, and E. The following information relating to each segment is available for 2021.

	A	B	C	D	E
Sales revenue	$39,900	$75,300	$573,800	$35,400	$55,100
Cost of goods sold	19,000	49,500	265,900	19,300	30,200
Operating expenses	10,100	40,500	233,700	11,900	18,300
Total expenses	29,100	90,000	499,600	31,200	48,500
Operating profit (loss)	$10,800	$(14,700)	$74,200	$4,200	$6,600
Identifiable assets	$35,200	$79,900	$493,400	$66,300	$49,900

Sales of segments B and C included intersegment sales of $20,300 and $98,400, respectively.

Required - Prepare the necessary disclosures required by GAAP.

Reference no: EM133069668

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Prepare the necessary disclosures required by gaap

Reference no: EM133069668

Reference no: EM133069668

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