The following information has been accumulated for use in prepar

The following information has been accumulated for use in preparing segment disclosures for Wod Corporation (in thousands):

Sales to Unaffiliated Sales to Affiliated Total Sales Customers Customers Apparel Construction $ 164 $164 112 112 214 Fu

1. Determine Wod's reportable segments under the 10 percent revenue test.
2. Are additional reportable segments required under the 75 percent revenue test?
3. Prepare a schedule to disclose revenue by operating segment for external reporting. Assume that the paper and tobacco segments, both sold in grocery stores, share similar operating characteristics on four of the five aggregation criteria.

A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...


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