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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 Books Sales to outside parties $1,702 $ 173 es $ Computers 745 Intersegment sales 535 Interest income-external 122 39 70 282 Interest income-intersegment loans 162 Assets 3,655 248 Operating expenses 1,525 130 Expenses-intersegment sales 258 85 Interest expense-external 122 Interest expense-intersegment loans 207 36 Income tax expense (savings) 120 54 000506 + 0 1,457 860 66 86 20070606 Maps $ 443 54 Travel Finance $ 341 160 $ 0 0 290 282 oo on 0 0 345 205 46 61 0 0055LO 52 162 1,315 48 0 122 53 32 0 (26) 69 73 (50) General corporate expenses 97 Unallocated operating costs. 122 Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: c. Asset test:
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