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Required information [The following information applies to the questions displayed below.] Following is financial information describing the six operating segments that make up Fairfield, Inc.
Required information [The following information applies to the questions displayed below.] Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Red $1,833 White $ 121 324 0 Segments Green Pink $ 536 $ 331 131 424 334 103 114 104 83 (108) Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Blue $ 834 113 401 188 81 109 84 Black $ 143 38 339 64 36 (86) 636 161 87 163 53 0 Consider the following questions independently. None of the six segments has 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.) & Answer is complete but not entirely correct. Minimum revenues $ 444 c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars but not in thousands.) & Answer is complete but not entirely correct. Volume of revenues $ 379 %
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