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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 $1,638 $ 155 $ 723 $ 431 $ 329 $ Intersegment sales 491 265 143 Interest income-external 118 71 47 Interest income-intersegment loans 157 3 157 Assets 3,573 1,428 273 351 1,290 Operating expenses 1,525 125 843 314 200 Expenses-intersegment sales 238 80 61 41 56 Interest expense-external 117 117 Interest expense-intersegment loans 187 31 81 48 27 Income tax expense (Savings) 75 37 (31) 46 56 (33) General corporate expenses 80 Unallocated operating costs 105 231 43 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.) Revenues Percentage Reported or Not Reported Segment Books Computers Maps Travel Finance Total % % % % (Revenue Test Profit or Loss Test > 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.) Revenues Expenses Profit Loss Reported or Not Reported Segment Books Computers Maps Travel Finance Total 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 Reported or Not Assets Percentage Reported Books Computers Maps Travel Finance % Total
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