Solved

_____ Paxco Has Two Reportable Operating Segments

Question 59

Multiple Choice

_____ Paxco has two reportable operating segments. For 2006, the following segment information is provided:
_____ Paxco has two reportable operating segments. For 2006, the following segment information is provided:   Assume that at the end of 2005 (the prior year-end) , Segment A had $4,000 of unrealized intrasegment profit and Segment B had $20,000 of unrealized intersegment profit. The disclosed segment profitability amounts for 2006 would be reconciled to a corresponding consolidated profit of A)  $804,000 B)  $820,000 C)  $840,000 D)  $844,000 E)  $874,000 Assume that at the end of 2005 (the prior year-end) , Segment A had $4,000 of unrealized intrasegment profit and Segment B had $20,000 of unrealized intersegment profit. The disclosed segment profitability amounts for 2006 would be reconciled to a corresponding consolidated profit of


A) $804,000
B) $820,000
C) $840,000
D) $844,000
E) $874,000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions