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2. Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual

2. 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:

Plastics

Metals

Lumber

Paper

Finance

Sales to outside parties

$

6,620

$

2,294

$

696

$

407

$

0

Intersegment transfers

140

161

126

138

0

Interest income from outside parties

0

31

18

0

39

Interest income from intersegment loans

0

0

0

0

189

Operating expenses

4,154

1,732

1,036

639

28

Interest expense

73

28

63

25

99

Tangible assets

1,427

3,136

464

711

164

Intangible assets

84

391

0

60

0

Intersegment loans (debt)

0

0

0

0

694

Ecru does not allocate its $1,310,000 in common expenses to the various segments.

Perform testing procedures to determine Ecrus 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.

Revenue Test

Perform revenue test procedure to determine Ecrus 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

?

?%

?

Metals

?

?%

?

Lumber

?

?%

?

Paper

?

?%

?

Finance

?

?%

?

Total

?

?%

?

Profit or Loss Test

Perform profit or loss test procedure to determine Ecrus reportable operating segments. (Enter your answers in thousands of dollars.)

Segment

Revenues

Expenses

Profit

Loss

Reported or Not Reported

Plastics

?

?

?

?

?

Metals

?

?

?

?

?

Lumber

?

?

?

?

?

Paper

?

?

?

?

?

Finance

?

?

?

?

?

Total

Asset Test

Perform asset test procedure to determine Ecrus reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.)

Segment

Assets

Percentage

Reported or Not Reported

Plastics

?

?%

?

Metals

?

?%

?

Lumber

?

?%

?

Paper

?

?%

?

Finance

?

?%

?

Total

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