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Blanton Corporation is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Grocery Furniture Linens Kitchen Stationery Sales

Blanton Corporation is comprised of five operating segments. Information about each of these segments is as follows (in thousands):

Grocery

Furniture

Linens

Kitchen

Stationery

Sales to outsiders

$64

$33

$43

$122

$14

Intersegment transfers

44

3

14

30

12

Interest revenue - outsiders

2

0

4

8

0

Interest revenue - intersegment

0

2

0

0

11

Operating expenses - outsiders

116

19

40

102

13

Operating expenses - intersegment

6

11

6

16

11

Interest expense

0

10

0

2

0

Income taxes

0

0

4

6

12

Tangible assets

18

10

8

52

4

Intangible assets

0

0

4

8

0

Intersegment loans (debt)

8

2

0

10

0

Required: (1) Which operating segments are reportable under the revenue test? (2) Which operating segments are reportable under the profit or loss test? (3) Which operating segments are reportable under the asset test? (4) Which operating segments are reportable? (5) According to the test results for reportable segments, is there a sufficient number of reported segments or should any additional segments also be disclosed? Explain the reason for your conclusion.

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