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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: Look rint Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses rences Interest expense Tangible assets Intangible assets Intersegment loans (debt) Plastics $ 6,694 148 Metals $ 2,354 $ 173 Lumber 711 138 Paper Finance $ 422 $ 0 150 0 0 34 21 0 42 0 0 0 0 201 4,214 76 1,762 1,066 654 31 31 66 28 102 1,501 87 0 3,196 524 771 179 403 0 63 0 0 0 0 706 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: Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test 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.) Revenues Reported or Not Reported Segment Plastics Metals Lumber Percentage % % % Paper Finance % % Total % Profit or Loss Test > Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Perform profit or loss test procedure to determine Ecru's reportable operating segments. (Enter your answers in thousands of dollars.) Segment Revenues Expenses Profit Loss Reported or Not Reported Plastics Metals Lumber Paper Finance Total Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test 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.) Segment Plastics Metals Lumber Paper Finance Total Assets Percentage Reported or Not Reported % % % % % % < Profit or Loss Test
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