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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
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 Metals Paper Finance Lumber 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) $6,415 $2,194656 367 0 118 141 23 106 118 10 956 364 31 169 20 91 124 3,994 65 1,340 76 1,652 20 3,036 371 599 29 611 52 674 Ecru does not allocate its $1,270,000 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: Complete this question by entering your answers in the tabs below. Profit or Loss Test Asset Test Revenue Test Perform revenue test procedure to determine Ecru's reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Reported or Not Reported Segment Revenues Percentage Plastics Metals Lumber Paper Finance 0.01% 0 Total Profit or Loss Test> Revenue Test Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Perform profit or loss test procedure to determine Ecru's reportable operating segments. (Enter your answers in thousands dollars.) Reported or Not Reported Segment Revenues Expenses Profit Loss Plastics Metals Lumber Paper Finance $ 0$ 0 Total Complete this question by entering your answers in the tabs below. Profit or Loss Test Revenue Test Perform asset test procedure to determine Ecru's reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Assets Percentage Reported or Not Reported Plastics Metals Lumber Paper Finance Total 0 00 % Profit or Loss Test Asset Test
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