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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
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[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.
d. Now assume each of these six segments has a profit or loss (in thousands) as follows, which warrants separate disclosure? (Select all that apply.)
Segment | Profit (Loss) | ||
Red | $ | 1,084 | |
Blue | 459 | ||
Green | 150 | ||
Pink | (104 | ) | |
Black | (232 | ) | |
White | 318 | ||
Check All That Apply
-
Red
Red -
Blue
Blue -
Green
Green -
Pink
Pink -
Black
Black -
White
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