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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.

Company Total Books Computers Maps Travel Finance
Sales to outside parties $ 1,749 $ 194 $ 759 $ 449 $ 347 $ 0
Intersegment sales 571 45 294 60 172 0
Interest incomeexternal 142 84 0 0 0 58
Interest incomeintersegment loans 168 0 0 0 0 168
Assets 3,747 260 1,483 302 357 1,345
Operating expenses 1,568 136 872 295 211 54
Expensesintersegment sales 272 91 72 42 67 0
Interest expenseexternal 128 0 0 0 0 128
Interest expenseintersegment loans 231 42 92 59 38 0
Income tax expense (savings) 150 66 (20 ) 81 85 (62 )
General corporate expenses 109
Unallocated operating costs 134

Determine the reportable segments by performing each applicable test. (Figures are in thousands.)

  1. Revenue test:

  2. Profit or loss test:

  3. Asset test:

  • evenue 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.)

REVENUE TEST

Segment Revenues Percentage Reported or Not Reported
Books %
Computers %
Maps %
Travel %
Finance %
Total $0 0.0 %
  • PROFIT OR LOSS
  • 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
  • ASSET 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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