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Ecru Company has Identified five Industry segments: plastics, metals, lumber, paper, and finance. It approprlately consolidated each of these segments in producing its annual financlal
Ecru Company has Identified five Industry segments: plastics, metals, lumber, paper, and finance. It approprlately consolidated each of these segments in producing its annual financlal statements. Information describing each segment (In thousands) follows: Ecru does not allocate its $1,340,000 in common expenses to the varlous segments. Perform testing procedures to determine Ecru's reportable operatng segments. a. Revenue test: b. Profit or loss test c. Asset test: X Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. 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.) Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Perform asset test procedure to determine Ecru's reportable operating segments. (Round your percentage answers 1 decimal place. Enter your answers in thousands of dollars.)
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