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Use chart show work on the side if needed Mason Company has prepared consolidated financial statements for the current year and is now gathering information
Use chart show work on the side if needed
Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Company Total $1,565 a. Revenue test: b. Profit or loss test: c. Asset test: 435 101 149 3,385 1,473 206 109 155 33 60 85 $ 128 Books Computers $ 701 245 26 62 0 211 117 72 0 23 17 0 1,340 823 53 Complete this question by entering your answers in the tabs below. 0 73 (39) Maps $ 419 41 0 0 253 306 33 0 40 32 Travel $317 123 0 0 Determine the reportable segments by performing each applicable test. (Figures are in thousands.) 331 192 48 0 19 36 Finance 0 39 149 1,250 35 0 109 (13) Revenue Test Segment Profit or Loss Test Determine the reportable segments by performing revenue test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Books Computers Maps Travel Finance Total Asset Test Revenues Percentage % % % % % % Reported or Not Reported Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Books Computers Maps Travel Finance Total Asset Test Determine the reportable segments by performing profit or loss test. (Enter your answers in thousands of dollars.) Segment Revenues Expenses Profit Loss Reported or Not Reported Complete this question by entering your answers in the tabs below. Revenue Test Segment Profit or Loss Test Determine the reportable segments by performing asset test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Books Computers Maps Travel Finance Total Asset Test Assets Percentage % % % % % % Reported or Not ReportedStep by Step Solution
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