Bland Corporation is comprised of five operating segments. Information about each of these segments is as follows
Question:
Bland Corporation is comprised of five operating segments. Information about each of these segments is as follows (in thousands):
(a) What is the total amount of revenues in applying the revenue test and which operating segments are reportable under the
revenue test?
(b) In applying the profit or loss test, what is the minimum amount an operating segment must have in order to meet the profit or
loss test for a reportable segment? And which operating segments are reportable under the profit or loss test?
(c) In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a
reportable segment? And which operating segments are reportable under the asset test.
(d) Which operating segments are reportable?
(e) According to the test results for reportable segments, is there a sufficient number of reported segments or should any additional
segments also be disclosed? Explain the reason for your conclusion.