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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. Finance Books $ 149 32 Computers $ 716 260 0 Maps $ 428 47 Travel $ 326 138 A 68 45 155 1,280 Company Total $1,619 477 113 155 3,541 1,512 230 115 179 69 75 100 226 123 1,421 838 268 312 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 346 198 54 41 59 39 0 115 46 79 (33) 25 51 (28) Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: C. Asset test: Answer is not complete. 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.) Segment Revenues Percentage Reported or Not Reported Not Reportable $ Books Computers Reportable Reportable Maps 181 976 475 464 200 2,296 7.9 42.5 20.7 % 20.2 8.7 100.0 % % % % % % Travel Reportable Not reportable Finance Total $ Revenue Test Profit or Loss Test Asset Test Determine the reportable segments by performing profit or loss test. (Enter your answers Segment Revenues Expenses Profit Loss Books Computers 181 976 475 464 200 Maps Reported or Not Reported Not reportable Reportable Reportable Reportable Not reportable 123 838 X 312X 198 X 156 1.627 Travel $ 58 X 138 X 163 266 44 $ 669 Finance Total 2,296 $o Segment Assets Percentage Books $ Computers 226 1,421 268 6.4 40.1 7.6 9.8 36.1 100.0 Maps Reported or Not Reported Not Reportable Reportable Not Reportable Not Reportable Reportable % % % % % % Travel Finance 346 1,280 3,541 Total $
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