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:

Sales to outside entities Intersegment sales Operating Profit Assets Wood 5,200,000 Plastic

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

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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

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