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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
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. Maps $ 419 Books $ 128 26 62 Computers $ 701 245 0 Finance $ 0 Travel $ 317 123 0 41 0 0 0 0 0 Company Total $1,565 435 101 149 3,385 1,473 206 109 155 33 60 85 211 117 Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs 253 306 1,340 823 53 0 331 192 48 72 39 149 1,250 35 0 109 0 (13) 33 0 0 0 23 73 19 40 32 17 (39) 36 Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: C. Asset test: Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing revenue test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Segment Revenues Percentage Reported or Not Reported Books Computers Maps Travel Finance Total $ 0 0.0% Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing profit or loss test. (Enter your answers in thousands of dollars.) Segment Revenues Expenses Profit Loss Reported or Not Reported Books Computers Maps Travel Finance Total | $ 0 $ 0 $ 0 $ 0 Complete this question by entering your answers in the tabs below. LLLLLLLLLLLLLLLLLL Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing asset test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Segment Assets Percentage Reported or Not Reported Books Computers Maps Travel Finance Total $ 0 0.0 %
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