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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 | Lumber | Paper | Finance | |||||||||||
Sales to outside parties | $ | 6,569 | $ | 2,269 | $ | 686 | $ | 397 | 0 | ||||||
Intersegment transfers | 131 | 156 | 121 | 133 | 0 | ||||||||||
Interest income from outside parties | 0 | 29 | 16 | 0 | $ | 37 | |||||||||
Interest income from intersegment loans | 0 | 0 | 0 | 0 | 184 | ||||||||||
Operating expenses | 4,114 | 1,712 | 1,016 | 629 | 26 | ||||||||||
Interest expense | 71 | 26 | 61 | 26 | 97 | ||||||||||
Tangible assets | 1,416 | 3,111 | 439 | 686 | 154 | ||||||||||
Intangible assets | 82 | 386 | 0 | 58 | 0 | ||||||||||
Intersegment loans (debt) | 0 | 0 | 0 | 0 | 689 | ||||||||||
Ecru does not allocate its $1,300,000 in common expenses to the various segments. |
Perform testing procedures to determine Ecrus reportable operating segments. (Round your percentage answers to 2 decimal places. Enter your answers in thousands of dollars.) |
Revenue test: profit or loss test: asset test: |
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