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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 Lamber Paper Finance Sales to outside parties $6,655 $2,319 $ 706 $ 417 $ 0 Intersegment transfers 143 166 131 143 0 Interest income from outside parties 0 33 20 41 Interest income from intersement loann 0 194 Operating expenses 4,194 1,752 1,056 649 30 Interest expense 75 30 65 24 101 Tangible annets 1,466 3,161 489 736 174 Intangible assets 86 396 0 62 0 Internement loans (debt) 0 0 0 0 699 0 0 0 0 Ecru does not allocate its $1,320,000 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: Ecru does not allocate its $1,320,000 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: Complete this question by entering your answers in the tabs below. Revenue Test Profit or loss 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.) Segment Revenues Percentage Reported or Not Reported Plastics % Metals % Lumber % Paper % Finance % Total % Profit or Loss Test Ecru does not allocate its $1,320,000 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: 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 of dollars.) Segment Revenues Expenses Profit Loss Reported or Not Reported Plastics + Metals Lumber Paper Finance Total
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