The following data for 2016 relate to Hay Industries, a worldwide conglomerate:

REQUIRED:
Answer the following questions related to Hay's required segment disclosures and show computations:
1. Which segments are reportable segments under (a) the revenue test, (b) the operating-profit test, and (c) the asset test?
2. Do additional reportable segments have to be identified?

Sales to Unaffiliated Customers Intersegment Sales Operating Profit (Loss) Assets $300,000 110,000 65,000 48,000 62,000 15,000 600,000 $45,000 23,000 (8,000) 9,000 18,000 (2,000) 85,000 (7,000) $78,000 $50,000 40,000 Food Chemical Textiles Furniture Beverage Oil Segment Corporate Consolidated $310,000 150,000 60,000 40,000 60,000 25,000 645,000 15,000 S660,000 5,000 10,000 105,000 $600,000 0