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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

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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 $6,694 148 Metals $2,354 Lumber $ 711 138 Paper 422 150 Finance $ 173 21 201 1,762 1,066 654 Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) 4,214 76 1,501 28 102 179 3, 196 706 Ecru does not allocate its $1.460,000 in common expenses to the various segments. Perform testing procedures to determine Ecru's reportable operating segments. a. Revenue test: b. Profit or loss test: c. Asset test: a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the Profit or Loss Asset Test Revenue Test Profit or Loss Test Perform revenue test procedure to determine Ecru's reportable o decimal place. Enter your answers in thousands of dollars.) Segment Revenues Percentage Reported or Not Plastics Metals Lumber Paper Finance Total a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Asset Test Perform profit or loss test procedure to determine Ecru's reportable operating segment dollars.) Segment Revenues Expenses Profit Loss Reported or Not Reported Plastics Metals Lumber Paper Finance Total Revenue Test Profit or Loss Test Asset Test Perform asset test procedure to determine Ecru's reportable 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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