P 15-7 Apply threshold tests—Disclosure The information that follows is for Cob Company at and for the year ended December 31, 2016. Cob’s operating segments are cost centers currently used for internal planning and control purposes. Amounts shown in the Total Consolidated column are amounts prepared under GAAP for external reporting. (Data are in thousands of dollars.)

Segment and Interim Financial Reporting 527 Food Industry Packing Industry Textile Industry Foreign Operations All Other Industries Corporate Total Consolidated Income Statement Sales to unaffiliated customers $950 $500 $300 $250 $400 $2,400 Income from equity investees 100 Cost of sales to unaffiliated customers

(600) (350) (175) (125) (250) (1,500)

Operating expense (200) (75) (150) (75) (75) $(25) (600)

Interest expense (20)

Income taxes (150)

Noncontrolling interest share

(30)

Net income (loss) $150 $ 75 $ (25) $ 50 $ 75 $(25) $200 Assets Current assets $300 $100 $ 75 $100 $225 $ 25 $ 825 Plant assets—net 400 400 250 100 175 25 1,350 Advances 50 25 50 Equity investments 1,000 1,000 Total assets $750 $500 $350 $200 $400 $1,100 $3,175 Intersegment Transfers Sales* $ 60 $ 60 $ 30 $ 50 Cost of Goods Sold* $100 $ 25 $ 75

*Amounts have been eliminated from the income data given.

REQuIRED 1. Prepare a schedule to determine which of Cob’s operating segments are reportable segments under

(a) the 10 percent revenue test,

(b) the 10 percent operating-profit test, and

(c) the 10 percent asset test.