Question: Swift Co. a publicly owned assesses performance and makes operating decisions using the following info. For its reportable segments: Total Revenue 7,680,000 Total Profit and

Swift Co. a publicly owned assesses performance and makes operating decisions using the following info. For its reportable segments:

Total Revenue 7,680,000

Total Profit and loss 406,000

The total profit and loss included intersegment profit of 161,000.

In addition, the entity has 5,000 of common costs for its reportable segments that are not allocated in reports reviewed by the chief operating decision maker. What amount should be reported as segment profit? AICPA Adapted

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