P 15-7 Apply threshold tests-Disclosure The information that follows is for Cob Company at and for the year ended December 31, 2011 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.) Food Packing Textile Foreign All Other Total Industry Industry Industry Operations industries Corporate Consolidated Income Statement Sales to alliated customers $950 S500 $200 $250 S400 $2.400 Income from equity investees 100 Cost of sales to unaffiliated customers (600) 350) (175) (250) (1.500) Operating expense (2001) (75) (150) (75) $(25) Interest expense Income taxes Noncontrolling interest (150) expense (30) Income doss) 3150 33 $123 38 52000 Segment and Interim Financial Reporting 331 Packing Textile Foreign All Other Total Industry Industry Operations Industries Corporate Consolidated Food Industry $100 200 $100 S75 250 25 $225 175 SROS 1.350 100 Assets Current assets Plant assets not Advances Equity investments Tals Intersement Transfers Sales Cost of Goods Sold $300 400 50 $750 $ 25 25 50 1.000 SIREN 1.000 S30 $200 20 $60 $100 560 $35 530 $50 $75 *Aments have been eliminated from the income datagram 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