Note: This Is a Kaplan CPA Review Question

question 42

Multiple Choice

Note: This is a Kaplan CPA Review Question
Tecumseh Co. (Tecumseh) , a publicly owned corporation, assesses performance and makes operating decisions using the following information for its reportable segments:
Total revenues $768,000
Total profit and loss $40,600
Included in the total profit and loss are intersegment profits of $6,100. In addition, Tecumseh has $500 of common costs for its reportable segments that are not allocated in reports used internally. For purposes of segment reporting, Tecumseh should report total combined segment profit of:

• A) $35,000
• B) $34,500
• C) $40,600
• D) $46,700
• E)
• $41,100

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Definitions:

Ethnic Minority

A group of people who have different national or cultural traditions from the main population within a country or region.

Verbal Aptitude

The ability to understand and process words and language, both in speaking and writing.

Gender Gap

The difference in opportunities, status, attitudes, etc., between men and women, often resulting in disparities.

Mathematical Abilities

The cognitive capacities related to understanding, manipulating, and solving mathematical concepts and problems.