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That was the whole question. Below is screen shots of it. Ecru Company has identified five Industry segments: plastics, metals, lumber, paper, and finance. It
That was the whole question. Below is screen shots of it.
Ecru Company has identified five Industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (In thousands) follows: Plastics $ 6,725 148 Metals $ 2,344 171 35 Lumber $ 716 136 Paper $ 427 148 6 Finance $ 3 Sales to outside parties Intersegent transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) 659 @ 4,234 77 1,476 88 3 1,772 32 3,186 481 1,076 67 514 199 32 183 184 23 761 64 784 Ecru does not allocate its $1,330.000 in common expenses to the various segments. Perform testing procedures to determine Ecru's reportable operating segments. 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 Perform revenue test procedure to determine Ecru's reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Revenues Reported or Not Reported Percentage % % Segment Plastics Metals Lumber Paper Finance Total $ 0 0.01% Revenue Test Profit or Loss Test > Revenue Test Profit or Loss Test Asset Test Perform profit or loss test procedure to determine Ecru's reportable operating segments. (Enter your answers in thousands of dollars.) Segment Reported or Not Profit Revenues Expenses Loss Reported Plastics Metals Lumber Paper Finance Total $ 0 $ 0 Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Asset Test Perform asset test procedure to determine Ecru's reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Reported or Not Segment Assets Percentage Reported Plastics % Metals Lumber Paper Finance Total % 0.01% $ 0Step by Step Solution
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