Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Company Total $ 1,735 Asset Test Books Computers Maps Travel Finance Total Segment Revenues Percentage 551 135 167 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. 3,728 1,580 255 127 227 141 Complete this question by entering your answers in the tabs below. 105 130 % Reportable % % % % 0.0 % Books $ 189 44 78 0 256 135 90 Reported or Not Reported 0 41 62 Computers Maps $ 756 $ 446 280 0 0 1,481 868 71 0 91 (21) 59 0 0 Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 298 314 28 0 58 77 Travel $344 168 0 0 353 210 66 9 37 81 Finance $0 0 57 167 1,340 53 0 127 0 (58)

Accounts Sales to outside parties Intersegment sales Interest income-external Interest income-intersegment loans Assets Operating expenses Expenses-intersegment sales Interest expense-external Interest expense-intersegment loans Income tax expense (savings) General corporate expenses Unallocated operating costs Revenue Test Profit or Loss Test Company Total $ 1,735 Asset Test Books Computers Maps Travel Finance Total Segment Revenues Percentage 551 135 167 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. 3,728 1,580 255 127 227 141 Complete this question by entering your answers in the tabs below. 105 130 % Reportable % % % % 0.0 % Books $ 189 44 78 0 256 135 90 Reported or Not Reported 0 41 62 Computers Maps $ 756 $ 446 280 0 0 1,481 868 71 0 91 (21) 59 0 0 Determine the reportable segments by performing revenue test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. 298 314 28 0 58 77 Travel $344 168 0 0 353 210 66 9 37 81 Finance $0 0 57 167 1,340 53 0 127 0 (58)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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