Company Total Books Computers Maps Travel Finance $ 121 24 Sales to outside parties... Intersegment sales ...... Interest income-external . Interest income- intersegment loans.. $ 1,547 $ 696 240 $ 416 $314 $ -0- 39 118 -0- 37 421 97 60 -0- -0- -0- 147 3,398 1,460 147 1,240 33 Assets.... Operating expenses. -0- 206 115 -0- 1,378 -0- 248 304 -0- 326 818 190 Company Total Books Computers Maps Travel Finance Expenses-intersegment 70 198 107 51 31 46 sales ..... Interest expense-external.. Interest expense- intersegment loans.. Income tax expense (savings). General corporate expenses.... Unallocated operating costs.... -0- 107 -0- -0- -0- -0- 147 38 27 17 21 12 -0- (8) 71 (41) 21 55 31 80
Company Total Books Computers Maps Travel Finance $ 121 24 Sales to outside parties... Intersegment sales ...... Interest income-external . Interest income- intersegment loans.. $ 1,547 $ 696 240 $ 416 $314 $ -0- 39 118 -0- 37 421 97 60 -0- -0- -0- 147 3,398 1,460 147 1,240 33 Assets.... Operating expenses. -0- 206 115 -0- 1,378 -0- 248 304 -0- 326 818 190 Company Total Books Computers Maps Travel Finance Expenses-intersegment 70 198 107 51 31 46 sales ..... Interest expense-external.. Interest expense- intersegment loans.. Income tax expense (savings). General corporate expenses.... Unallocated operating costs.... -0- 107 -0- -0- -0- -0- 147 38 27 17 21 12 -0- (8) 71 (41) 21 55 31 80
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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.
Determine the reportable segments by performing each applicable test. Also describe the procedure utilized to ensure that a sufficient number of segments are being separately disclosed. (Figures are in thousands.)

Transcribed Image Text:Company
Total
Books Computers Maps Travel Finance
$ 121
24
Sales to outside parties...
Intersegment sales ......
Interest income-external .
Interest income-
intersegment loans..
$ 1,547
$ 696
240
$ 416 $314 $ -0-
39
118
-0-
37
421
97
60
-0-
-0-
-0-
147
3,398
1,460
147
1,240
33
Assets....
Operating expenses.
-0-
206
115
-0-
1,378
-0-
248
304
-0-
326
818
190

Transcribed Image Text:Company
Total
Books Computers Maps Travel Finance
Expenses-intersegment
70
198
107
51
31
46
sales .....
Interest expense-external..
Interest expense-
intersegment loans..
Income tax expense (savings).
General corporate expenses....
Unallocated operating costs....
-0-
107
-0-
-0-
-0-
-0-
147
38
27
17
21
12
-0-
(8)
71
(41)
21
55
31
80
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