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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
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 Sales to outside parties $1,669 Books $ 163 Intersegment sales 511 35 Computers $ 730 274 Maps $ 439 50 Travel $ 337 152 Finance $ 0 0 Interest income-external 119 71 0 0 0 48 Interest income-intersegment loans 158 0 0 0 0 158 Assets 3,610 240 1,433 282 360 1,295 Operating expenses. 1,518 126 852 295 201 44 Expenses-intersegment sales. 242 81 62 42 57 0 Interest expense-external 118 0 0 0 0 118 Interest expense-intersegment loans 191 32 82 49 28 0 Income tax expense (savings) 100 46 (30) 61 65 (42) General corporate expenses 89 Unallocated operating costs 114 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. Profit or Loss Revenue Test Asset Test 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 Books % Computers % Maps % Travel % Finance % Total $ 0 0.0 % Reported or Not Reported Revenue Test Profit or Loss Test > Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing profit or loss test. (Enter your answers in thousands of dollars.) Segment Reported or Not Revenues Expenses Profit Loss Reported Books Computers Maps Travel Finance Total $ 0 $ 0 $ 0 $ 0 < Revenue Test Asset Test > Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing asset test. (Round your percentage answers to 1 decimal place. Enter you! answers in thousands of dollars.) Segment Books Computers Maps Assets Percentage Reported or Not Reported % % % Travel % Finance % Total $ 0 0.0 % < Profit or Loss Test Asset Test >
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