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 $6,470 $2,219 125 146 0 25 Lumber Paper Finance $ 666 $377 $ 0 111 123 12 0 33 0 174 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) @ 4,034 67 1,370 78 0 1,672 22 3,061 376 976 57 389 0 609 28 636 54 22 93 134 8 679 Ecru does not allocate its $1,280,000 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. Revenue Profit or Asset Test Loss 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.) Reported Segment Revenues Percentage or Not Reported Plastics 1% Metals Lumber % Paper % Finance Total % Revenue Test Profit or Loss Test > 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 $6,470 $2,219 $ 666 $377 Intersegment transfers 125 146 111 123 Interest income from outside parties @ 25 12 33 Interest income from @ intersegment loans @ 174 Operating expenses 4,034 1,672 976 609 22 Interest expense 67 22 57 28 93 Tangible assets 1,370 3,061 389 636 134 Intangible assets 78 376 0 Intersegment loans (debt) @ @ 0 679 54 Ecru does not allocate its $1,280,000 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. Revenue Profit or Asset Test Loss Test Test Perform profit or loss test procedure to determine Ecru's reportable operating segments. (Enter your answers in thousands of dollars.) Reported Segment Revenues Expenses Profit Loss or Not Reported Plastics Metals Lumber Paper Finance Total Revenue Test Asset Test> 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 $6,470 $2,219 125 146 @ 25 Lumber Paper Finance $ 666 $377 $ 111 123 12 9 33 0 @ 174 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) 4,034 67 1,370 78 0 1,672 22 3,061 376 0 976 57 389 0 0 609 28 636 54 @ 22 93 134 @ 679 Ecru does not allocate its $1,280,000 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. Revenue Profit or Asset Test Loss 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.) Reported Segment Assets Percentage or Not Reported Plastics % Metals % Lumber % Paper % Finance % Total % Profit or Loss Test wees
