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Problem 8-37 (Algo) (LO 8-2) Mason Company has prepared consolidated financial statements for the current year and is now gathering Information in connection with the
Problem 8-37 (Algo) (LO 8-2) 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. Books $ 196 47 86 Computers $ 768 298 Maps $ 451 62 Travel $ 349 176 @ Finance $ e 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 Company Total $ 1,764 583 146 170 3,780 1,563 280 130 239 160 113 138 1,494 876 74 326 280 44 361 213 69 264 138 93 e 44 7e 6e 170 1,355 56 e 13e @ (66) 94 (18) 61 85 40 89 Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: C. Asset test: 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 Books % Computers Maps % Travel % Finance % 0.0% % Total S 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.) Revenues Expenses Profit Loss Reported or Not Reported Segment Books Computers Maps Travel Finance Total $ 0 S 0 S 0 S 0 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 asset test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Segment Assets Percentage % Reported or Not Reported % Books Computers Maps Travel Finance % % % Total S 0.0 %
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