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b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments c. . What volume of revenues must
b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments
c. . What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer?
d.
d. Now assume each of the six segments has a profit or loss (in thousands) as follows. Based on these figures, which warrants separate disclosure? (Select all that apply.)
Red | $ | 1,093 | |
Blue | 468 | ||
Green | 159 | ||
Pink | (113) | ||
Black | (241) | ||
White | 327 | ||
Required information (The following information applies to the questions displayed below.) Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,830 35 633 158 Blue $ 831 110 398 185 78 106 Segments Green Pink $ 533 $ 328 128 421 331 100 111 101 68 80 (105) Black $ 140 35 336 61 33 (83) White $ 118 321 81 50 24 84 160 Consider the following questions independently. None of the six segments has a primarily financial nature. . What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? Enter your answer in dollars but not in thousands.)
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