Clemmens Corporation Has Two Major Business Segments: Consumer and Commercial

Multiple Choice

Clemmens Corporation has two major business segments: Consumer and Commercial.Data for the segments and for the company for August appear below: In addition, common fixed expenses totaled $265, 000 and were allocated as follows: $135, 000 to the Consumer business segment and $130, 000 to the Commercial business segment. A properly constructed segmented income statement in a contribution format would show that the net operating income of the company as a whole is:

A) $88, 000
B) $353, 000
C) $476, 000
D) -$177, 000