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Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Consider the following questions independently. None of the six segments have a primarily financial nature. quired: What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? ote: Enter your answer in dollars but not in thousands. The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Consider the following questions independently. None of the six segments have a primarily financial nature. What volume of revenues must a single customer generate to necessitate Fisclosing the existence of a major customer? te: Enter your answer in dollars but not in thousands. The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Consider the following questions independently. None of the six segments have a primarily financial nature. 1. Now assume each of these six segments has a profit or loss (in thousands) as follows. Which segments warrant separate disclosure? Note: You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct inswer and double cllck the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect. will be automatically graded as incorrec Red Blue Green Pink Black White Kett Corporation operates primarily in the United States. However, a few years ago, it opened a plant in Spain to produce merchandise to sell there. This foreign operation has been so successfut that during the past 24 months the company started a manufacturing planin Italy and another in Greece. Financial information for each of these facilities follows: The company's domestic (U.S.) operations reported the following information for the current year: Kett has adopted the following criteria for determining the materiality of an individual foreign country: (1) Sales to unaffiliated customer: within a country are 10 percent or more of consolidated sales, or (2) long-lived assets within a country are 10 percent or more of consolidated long-lived assets. a. Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. b. Calculate long-lived assets within a country and as a percentage of the total long-lived assets. c. Apply Kett's materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately. Complete this question by entering your answers in the tabs below. Calculate sales to unaffiliated customers within a country and as a percent of the consolidated sales. Note: Round your percentage answers to 2 decimal places. Calculate long-lived assets within a coutntry and as a percentage of the total long-lived assets. Note: Round your percentage answers to 2 decimal places. Apply Kett's materiality tests to identify the countries which are 10 percent or more of consolidated sales or consolidated long-lived assets to be reported separately
