Solution-Determine ecru reportable operating segments

Determine ecru reportable operating segments

Reference no: EM131877432

Question - Ecru 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:

	Plastics	Metals	Lumber	Paper	Finance
Sales to outside parties	$6,319	$2,144	$636	$347	0
Intersegment transfers	106	131	96	108	0
Interest income from outside parties	0	19	6	0	$27
Interest income from intersegment loans	0	0	0	0	159
Operating expenses	3,914	1,612	916	579	16
Interest expense	61	16	51	31	87
Tangible assets	1,291	2,986	314	561	104
Intangible assets	72	361	0	48	0
Intersegment loans (debit)	0	0	0	0	664

Ecru does not allocate its $1,250,000 in common expenses to the various segments. Perform testing procedures to determine Ecru's reportable operating segments.

Reference no: EM131877432

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Determine ecru reportable operating segments

Reference no: EM131877432

Reference no: EM131877432

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