Mason Company has prepared consolidated financial statements for the current year and is now gathering information...
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Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. Company Total Books $ 163 36 72 Computers Марв $ 434 51 Travel Finance Sales to outside parties Intersegment sales Interest income-external $1,658 505 121 159 729 $ 332 148 车 270 Interest income-intersegment loans Assets 159 3,608 1,528 246 119 195 236 127 82 1,438 848 63 278 306 356 202 58 1,300 45 Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs 43 119 33 42 83 50 57 93 85 110 (29) 61 (38) Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Asset Test Test Determine the reportable segments by performing revenue test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Revenues Percentage Reported or Not Reported Segment Books % Computers % | Маps % Travel % Finance % Total % OOn 9o50 900 LO On 26 Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing profit or loss test. (Enter your answers in thousands of dollars.) Reported or Not Reported Segment Revenues Expenses Profit Loss Вooks Computers | Мaps Travel Finance Total < Revenue Test Asset Test > Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing asset test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Reported or Not Reported Segment Assets Percentage |Вooks % Computers % Mаps % Travel % Finance % Total % < Profit or Loss Test Asset Test > Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. Company Total Books $ 163 36 72 Computers Марв $ 434 51 Travel Finance Sales to outside parties Intersegment sales Interest income-external $1,658 505 121 159 729 $ 332 148 车 270 Interest income-intersegment loans Assets 159 3,608 1,528 246 119 195 236 127 82 1,438 848 63 278 306 356 202 58 1,300 45 Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs 43 119 33 42 83 50 57 93 85 110 (29) 61 (38) Determine the reportable segments by performing each applicable test. (Figures are in thousands.) a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Asset Test Test Determine the reportable segments by performing revenue test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Revenues Percentage Reported or Not Reported Segment Books % Computers % | Маps % Travel % Finance % Total % OOn 9o50 900 LO On 26 Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing profit or loss test. (Enter your answers in thousands of dollars.) Reported or Not Reported Segment Revenues Expenses Profit Loss Вooks Computers | Мaps Travel Finance Total < Revenue Test Asset Test > Complete this question by entering your answers in the tabs below. Profit or Loss Revenue Test Asset Test Test Determine the reportable segments by performing asset test. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Reported or Not Reported Segment Assets Percentage |Вooks % Computers % Mаps % Travel % Finance % Total % < Profit or Loss Test Asset Test >
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Req A Revenue test Segment Revenues Percentage Reported or not reported Bo... View the full answer
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
Posted Date:
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