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cpa321
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Joined: 23 Nov 2008
Online Status: Offline
Posts: 19

Posted: 18 Apr 2009 at 02:47 \| IP Logged

Any body help solving this, Iam not getting this answer.

The following data were summarized from the accounting records for Huggins Construction company for the year ended June 30, 2008.

Cost of goods sold:

Residential Division &nbs p; 300,000

Industrial Division &nbs p; 167,840

Administrative expenses:

Residential Division &nbs p; 80,320

Industrial Division &nbs p; 66,560

Service Department:

Residential Division &nbs p; 54,240

Industrial Division &nbs p; 24,960

Net Sales:

Residential Division &nbs p; 516,000

Industrial Division &nbs p; 321,920

Prepare divisional statements for Huggins Construction Company.

(Note: Residential Division income from operations, $80,640)

cinnamon
Major Contributor

Joined: 12 Aug 2008
Online Status: Offline
Posts: 312

Posted: 21 Apr 2009 at 03:59 \| IP Logged

Divisional statements? Probably they mean one income statement for residential and one for industrial division. I didn't understand 100% the question

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