Question: Tillman Fabrications has five operating segments, as summarized below: Required: Determine which of the operating segments of Tillman Fabrications are re-portable segments for the period
Tillman Fabrications has five operating segments, as summarized below:

Required: Determine which of the operating segments of Tillman Fabrications are re-portable segments for the period shown doing all four tests (1) Revenue Test, (2) Asset Test, (3) Operating Profit/Loss Test, and (4) 75% test.
Sales to outside entities Intersegment sales Operating Profit Assets Wood 5,200,000 Plastic 1,200,000 Metal 450,000 7,800,000 390,000 4,700,000 -0- (520,000) (590,000) 1,700,000 690,000 880,000 Paper 1,600,000 -0- 190,000 280,000 Fabric 6,300,000 750,000 (960,000) 760,000
Step by Step Solution
3.42 Rating (155 Votes )
There are 3 Steps involved in it
To determine which of the operating segments of Tillman Fabrications are reportable well perform the four tests Revenue Test Asset Test Operating Prof... View full answer
Get step-by-step solutions from verified subject matter experts
Document Format (2 attachments)
608f732b5711c_21062.pdf
180 KBs PDF File
608f732b5711c_21062.docx
120 KBs Word File
