Tillman Fabrications has five operating segments, as summarized below:

Wood Plastic Metal Paper Fabric

Sales to outside entities 5,200,000 1,200,000 7,800,000 1,600,000 6,300,000

Intersegment sales 390,000 4,700,000 -0- -0- 750,000

Operating Profit (520,000) (590,000) 1,700,000 190,000 (960,000)

Assets 690,000 450,000 880,000 280,000 760,000

Required:
Determine which of the operating segments of Tillman Fabrications are reportable segments for the period shown doing all four tests (1) Revenue Test, (2) Asset Test, (3) Operating Profit/Loss Test, and (4) 75% test.

Answer rating: 100% (QA)

Tillman only reportable segment is Metal Revenue Test Wood Plastic Metal Pa... View the full answer