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