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2 1.5 points eBook Ecru Company has identified five Industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in
2 1.5 points eBook Ecru Company has identified five Industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Print Intangible assets Intersegment loans (debt) Plastics $ 6,520 Metals $ 2,244 $ Lumber 676 Paper Finance $ 387 $ 130 151 116 128 27 14 35 8 8 179 4,074 69 1,692 996 619 24 24 59 27 95 1,376 80 3,086 414 661 381 56 144 8 0 684 References Ecru does not allocate Its $1,290,000 in common expenses to the various segments. Perform testing procedures to determine Ecru's reportable operating segments. a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Perform revenue test procedure to determine Ecru's reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Segment Revenues Percentage Reported or Not Reported Plastics 96 Metals % Lumber 96 Paper 96 Finance 96 Total $ 0 0.0 % Revenue Test Profit or Loss Test >
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