Reference no: EM132574359
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 Computers Maps Travel Finance
Sales to outside parties $1,678 $168 $732 $440 $338 $0
Intersegment sales 517 36 276 51 154 0
Interest income-external 121 72 0 0 0 49
Interest income-intersegment loans 159 0 0 0 0 159
Assets 3,627 242 1,439 284 362 1,300
Operating expenses 1,517 127 854 289 202 45
Expenses-intersegment sales 246 82 63 43 58 0
Interest expense-external 119 0 0 0 0 119
Interest expense-intersegment loans 195 33 83 50 29 0
Income tax expense (savings) 105 48 (29) 63 67 (44)
General corporate expenses 91
Unallocated operating costs 116
Question 1: Determine the reportable segments by performing each applicable test. (Figures are in thousands.)
Revenue test:
Profit or loss test:
Asset test: