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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. Books $ 163 36 Computers $ 729 270 Travel $ 332 148 $ Finance $ Maps $ 434 51 0 o io ONOW OOO 72 O od O O Company Total $1,658 505 121 159 3,608 1,528 246 119 195 93 85 110 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 236 127 ON 0 1,438 848 63 0 83 (29) 82 278 306 43 0 50 57 356 202 58 0 29 61 49 159 1,300 45 0 119 0 (38) 0 33 42 o Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: C. Asset test: Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing revenue test. your answers in thousands of dollars.) Segment Revenues Percentage Reported or Not Reported Books % % Computers Maps % Travel % Finance % Total % Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing profit or loss test. (Enter Segment Revenues Expenses Profit Loss Reported or Not Reported Books Computers Maps Travel Finance Total Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing asset test. answers in thousands of dollars.) Segment Assets Percentage Reported or Not Reported Books % % Computers Maps Travel % % Finance % Total %
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