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Required Information [The following Information applies to the questions displayed below.] The following is financial Information describing the six operating segments that make up Fairfield,
Required Information [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 Sales to outside parties Intersegment revenues Red $1,829 34 Blue Green $ 830 $ 532 109 127 Pink $ 327 0 Black $ 139 White $ 117 34 320 Salary expense 632 397 420 330 335 80 Rent expense 157 184 99 110 60 49 Interest expense 83 77 100 67 32 23 Income tax expense (savings) 159 105 79 (104) (82) 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.) Minimum revenues 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.) Volume of revenues 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 Blue $1,092 467 Green 158 Pink (112) Black (240) White 326 Check All That Apply Red Blue Green Pink Black White
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