Clemmens Corporation Has Two Major Business Segments: Consumer and Commercial

question 11

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

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Definitions:

Prophase

The first stage of cell division in both mitosis and meiosis, characterized by the condensation of chromosomes and the breakdown of the nuclear envelope.

Chromatin

The complex of DNA and proteins, mainly histones, that forms chromosomes within the nucleus of eukaryotic cells.

Visible Chromosomes

Chromosomes that are condensed and made visible under a microscope during cell division.

Sister Chromatids

Identical copies of a chromosome, connected by a centromere, formed during DNA replication and present until they are separated into two daughter cells during cell division.