Question: Problem 8 - 3 3 ( Algo ) ( LO 8 - 2 ) Chevalier Company has Identified five Industry segments: plastics, metals, lumber, paper,
Problem AlgoLO Chevalier Company has Identified five Industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment In thousands follows: Chevalier does not allocate its $ in common expenses to the varlous segments. Required: a Perform revenue test procedure to determine Chevaller's reportable operating segments. a Perform profit or loss test procedure to determine Chevaller's reportable operating segments. a Perform asset test procedure to determine Chevalier's reportable operating segments. Complete this question by entering your answers in the tabs below. Revenue Test Profit or Loss Test Asset Test Perform revenue test procedure to determine Chevalier's reportable operating segments. Note: Round your percentage answers to decimal place. Enter your answers in thousands of dollars. Complete this question by entering your answers in the tabs below. Test
Asset Test
Perform asset test procedure to determine Chevalier's reportable operating segments.
Note: Round your percentage answers to decimal place. Enter your answers in thousands of dollars. Complete this question by entering your answers in the tabs below.
Revenue Test
Profit or Loss
Test
Asset Test
Perform profit or loss test procedure to determine Chevalier's reportable operating segments.
Note: Enter your answers in thousands of dollars.
begintabularllllll
hline multicolumnc Segment & Revenues & Expenses & Profit & Loss & begintabularc
Reported or Not
Reported
endtabular
hline Plastics & & & & &
hline Metals & & & & &
hline Lumber & & & & &
hline Paper & & & & &
hline Finance & & & & &
hline Total & & & & &
hline
endtabular
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