Question
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 $ 1,827 $ 828 $ 530 $ 325 $ 137 $ 115 Intersegment revenues 32 107 125 0 32 318 Salary expense 630 395 418 328 333 78 Rent expense 155 182 97 108 58 47 Interest expense 81 75 98 65 30 21 Income tax expense (savings) 157 103 77 (102 ) (80 ) 0 Consider the following questions independently. None of the six segments has a primarily financial nature. 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.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started