Homework

ACC-690 Module Three Home work

Question Six

Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified.

Company

Total Books Company Maps Travel Finance

Sales to outsideparties $ 1,547 $ 121 $ 696 $416 $ 314 0

Intersegment sales 421 24 24039 118 0

Interest income-external 97 60 0 0 0 $ 37

Interest income-Intersegment Loans 147 0 0 0 0147

Assets 3,398 206 1,378 248 326 1,240

Operating expenses 1,460 115 818 304190 33

Expenses-intersegment sales 198 70 51 3146 0

Interest expense-external 107 0 0 0 0 107

Interest expense-Intersegment Loans 147 21 71 38 17 0

Income tax expense(savings)21 12 (41) 27 31 (8)

General corporate expenses 55

Unallocated operating costs 80

Determine the reportable segments by performing each applicable test. (Figures are in thousands.) (Round your answers to 1 decimal place. Enter your answers in thousands of dollars.)

Revenue test:

Segment Revenues percentage Reported Or Not reported

Books %

Computers%

Maps%

Travel %

Finance %

Total %

Segment Assets Percentage Reported Or Not reported

Books

Computers

Maps

Travel

Finance

Total

Assets test:

Segment Assets Percentage Reported Of Not reported

Books %

Computers %

Maps %

Travel%

Finance %

Total %