Egan Company, a Publicly-Traded Company, Divides Its Operations into Several

question 12

Essay

Egan Company, a publicly-traded company, divides its operations into several operating segments.Determine which of the following segments are reportable and reconcile the reportable segments to the consolidated revenues and profits.
$\begin{array}{lrrrr}&\text { External } & \text { Intersegment } & \\&\text { Revenues } & \text { Revenues } & \text { Expenses } & \text { Assets }\\\text { Travel agency } & \$ 621,000 & \$ 700,000 & \$ 1,597,000 & \$ 1,540,000 \\\text { Hotels } & 4,543,000 & 644,000 & 2,315,000 & 7,787,000 \\\text { Amusement parks } & 2,400,000 & 220,000 & 1,570,000 & 1,940,000 \\\text { Theater } & 2,180,000 & 116,000 & 2,640,000 & 1,441,000 \\\text { Pro soccer team } & 700,000 & - & 898,000 & 1,340,000 \\\text { Corporate-level items } & 100,000 & - & 250,000 & 200,000 \\\text { Total } & \$ 10,544,000 & \$ 1,680,000 & \$ 9,270,000 & \$ \underline{14,248,000}\end{array}$

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Definitions:

Cynicism

An attitude characterized by skepticism towards motives, intentions, or integrity, often accompanied by a general distrust of others' apparent sincerity or apparent goodness.

Emotion-Focused Coping

An effort to try to change a person’s emotional reaction to a stressor by using positive language and distracting techniques.

Stressor

Any event, situation, or environment that causes stress in individuals.

Positive Language

The use of words that convey constructive or optimistic attitudes, enhancing communication and interpersonal relations.