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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.)
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Revenue test:
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Profit or loss test:
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Asset test:
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