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Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Blue Green Pink Black White Sales to
Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Blue Green Pink Black White Sales to outside parties $ 1,811 $ 812 $ 514 $ 309 $ 121 $ 99 Intersegment revenues 16 91 109 0 16 302 Salary expense 614 379 402 312 317 62 Rent expense 139 166 81 92 42 31 Interest expense 65 59 82 49 14 5 Income tax expense (savings) 141 87 61 (86) (64) 0 Consider the following questions independently. None of the six segments has a primarily financial nature. 1.What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answers in dollars not in thousands.) 2. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments? 3. What volume of revenues must a single client generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars not in thousands.) 4. If each of these six segments has a profit or loss (in thousands) as follows, which warrants separate disclosure? (You may select more than one answer. Single click the box to produce a check mark for a correct answer and leave the box empty for a wrong answer.) Red $ 1,074 Blue 449 Green 140 Pink (94) Black (222) White 308
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