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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 $ 0
Intersegment sales 491 34 265 49 143 0
Interest incomeexternal 118 71 0 0 0 47
Interest incomeintersegment loans 157 0 0 0 0 157
Assets 3,573 231 1,428 273 351 1,290
Operating expenses 1,525 125 843 314 200 43
Expensesintersegment sales 238 80 61 41 56 0
Interest expenseexternal 117 0 0 0 0 117
Interest expenseintersegment loans 187 31 81 48 27 0
Income tax expense (savings) 75 37 (31 ) 46 56 (33 )
General corporate expenses 80
Unallocated operating costs 105

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

  1. Revenue test:

  2. Profit or loss test:

  3. Asset test:

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Answer is complete but not entirely correct. 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.) Reported or Segment Revenues Percentage Not Reported Not Books S 189 X 8.9% Reportable Computers 988 48.4 % Reportable Maps 480 22.5 % Reportable Travel 472 22.2 % Reportable Finance Not 0.0 % reportable $ 2.129 100.0 % OX Total Revenue Test Profit or Loss Test > Answer is complete but not entirely correct. 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 profit or loss test. (Enter your answers in thousands of dollars.) Reported or Segment Revenues Expenses Profit Loss Not Reported Not Books s 280 273 13 reportable Computers 988 954 Reportable Maps 480 449 31 Reportable Travel 472 339 133 Reportable Finance 204 127 77 Reportable $ $ Tota $ 275 $ 13 2.142 34 OOOO 2.404 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.) Reported or Segment Assets Percentage Not Reported Books s Not 231 6.5% Reportable Computers 1.428 40.0% Reportable Maps 273 Not 7.5% Reportable Travel 351 Reportable Finance 1,290 38.0% Reportable Total $ 3,573 100.0 BO

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