b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segment

c.  What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer?

d. Now assume each of the six segments has a profit or loss (in thousands) as follows. Based on these figures, which warrants separate disclosure? (Select all that apply.) 

Red	$	1,093
Blue		468
Green		159
Pink		(113)
Black		(241)
White		327

Transcribed Image Text:

Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Pink Red Blue Green Black White $ 831 $ 533 $ 140 $ 118 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) $1,830 $ 328 35 110 128 35 321 633 398 421 331 336 81 158 185 100 111 61 50 84 78 101 68 33 24 160 106 80 (105) (83) Consider the following questions independently. None of the six segments has a primarily financial nature. Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Pink Red Blue Green Black White $ 831 $ 533 $ 140 $ 118 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) $1,830 $ 328 35 110 128 35 321 633 398 421 331 336 81 158 185 100 111 61 50 84 78 101 68 33 24 160 106 80 (105) (83) Consider the following questions independently. None of the six segments has a primarily financial nature.

Answer rating: 100% (QA)

ANS1 First we will calculate total revenue internal outside Fairfield Inc because any segment who wa... View the full answer