The following partial financial information (in thousands of dollars) is available for Thole, Inc.: Corporate overhead costs
Question:
The following partial financial information (in thousands of dollars) is available for Thole, Inc.:
Corporate overhead costs at Thole are allocated to divisions based on relative sales.
Required
a. Complete the income statements for both divisions and the corporation as a whole
b. What recommendation(s) would you make about computing divisional income for divisional performance measurement at Thole, Inc.?
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