Answered step by step
Verified Expert Solution
Question
1 Approved Answer
534 903 Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Blue Green Pink Black White
534 903 Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Blue Green Pink Black White total Sales to Outside 1,811 812 514 309 121 99 3,666 Interseg Revs 16 91 109 16 302 Total Revs 1,827 623 309 1 37 401 4,200 Salary Exp 614 379 402 312 317 62 Rent Exp 139 166 81 92 42 31 Op PorL 1074 140 (95) (222) 308 Int Exp 59 82 49 14 Inc Tax Exp (Savi 141 87 61 (86) (64) - PL 1,074 358 140 (95) (222) 308 Consider the following questions independently. None of the six segments has a primarily financial nature. 358 65 a. What minimum revenue must any one segment generate to be of significant ize to require disaggregated disclosure? b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments? c. Yhat volume of revs must a single client generate to necessitate disclosing the existence of a major customer? d. If each of these six segs has a profit or loss as follows, which warrants separate disclosure
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started