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Required information Skip to question [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that
Required information
Skip to question
[The following information applies to the questions displayed below.]
The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Segments | |||||||||||||||||||||||
Red | Blue | Green | Pink | Black | White | ||||||||||||||||||
Sales to outside parties | $ | 1,821 | $ | 822 | $ | 524 | $ | 319 | $ | 131 | $ | 109 | |||||||||||
Intersegment revenues | 26 | 101 | 119 | 0 | 26 | 312 | |||||||||||||||||
Salary expense | 624 | 389 | 412 | 322 | 327 | 72 | |||||||||||||||||
Rent expense | 149 | 176 | 91 | 102 | 52 | 41 | |||||||||||||||||
Interest expense | 75 | 69 | 92 | 59 | 24 | 15 | |||||||||||||||||
Income tax expense (savings) | 151 | 97 | 71 | (96 | ) | (74 | ) | 0 | |||||||||||||||
Consider the following questions independently. None of the six segments have a primarily financial nature.
a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.)
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