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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 $ 1,820 $ 821 $ 523 $ 318 $ 130 $ 108
Intersegment revenues 25 100 118 0 25 311
Salary expense 623 388 411 321 326 71
Rent expense 148 175 90 101 51 40
Interest expense 74 68 91 58 23 14
Income tax expense (savings) 150 96 70 (95 ) (73 ) 0

Consider the following questions independently. None of the six segments has a primarily financial nature.

image text in transcribedimage text in transcribed

a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.) Answer is complete but not entirely correct. Minimum $ 4,299 revenues c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars but not in thousands.) Answer is complete but not entirely correct. Volume of revenues 430

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