P 15-6 Apply threshold tests-Disclosure The consolidated income statement of Tut Company for 2016 is as follows (in thousands): Tut's operations are conducted through three domestic operating segments with sales, expenses, and assets as follows (in thousands): The $10,000 interest income is not related to any industry segment. Consolidated total assets are $1,000,000. The chemical and food segments had intersegment sales of $35,000 and $25,000, respectively.l RE QUIRED: Prepare a schedule of required disclosures for Tut's industry segments in a form acceptable for reporting purposes. Assume the CODM uses operating profit to evaluate segments. P 15-7 Apply threshold tests-Disclosure The information that follows is for Cob Company at and for the year ended December 31, 2016. Cob's operating segments are cost centers currently used for internal planning and control purposes. Amounts shown in the Total Consolidated column are amounts prepared under GAAP for external reporting. (Data are in thousands of dollars.) Amounts have been eliminated from the income data given. REQUIRED 1. Prepare a schedule to determine which of Cob's operating segments are reportable segments under (a) the 10 percent revenue test, (b) the 10 percent operating-profit test, and (c) the 10 percent asset test. 2. Prepare a schedule to show how Cob's segment information would be disclosed under the provisions of FASB ASC Topic 280