k 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 $6,920 $2,444 $ 756 $467 $ Intersegment transfers 168 191 156 168 Interest income from 43 30 outside parties Interest income from @ 219 intersegment loans Operating expenses 4,394 1,852 1, 156 699 40 Interest expense 40 75 19 111 Tangible assets 1,591 3,286 614 861 224 Intangible assets 96 421 72 Intersegment loans (debt) @ @ 724 51 nce 85 Ecru does not allocate its $1,370,000 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 % Metals % Lumber % Paper % Finance % Total % 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 $6,920 $2,444 $ 756 $467 Intersegment transfers 168 191 156 168 @ Interest income from outside parties 43 30 51 Interest income from @ intersegment loans 219 Operating expenses 4,394 1,852 1, 156 699 40 Interest expense 85 40 19 111 Tangible assets 1,591 3,286 614 861 224 Intangible assets 96 421 72 Intersegment loans (debt) @ @ 724 75 Ecru does not allocate its $1,370,000 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 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: Lumber $ 756 156 Paper Finance $467 $ 168 30 51 2 Plastics Metals Sales to outside parties $6,920 $2.444 Intersegment transfers 168 191 Interest income from outside parties 43 Interest income from intersegment loans Operating expenses 4,394 1,852 Interest expense 85 40 Tangible assets 1,591 3,286 Intangible assets 96 421 Intersegment loans (debt) @ 699 1, 156 75 614 219 40 111 224 19 861 72 724 Ecru does not allocate its $1,370,000 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 %
