Oroblanco 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. (Figures are in thousands.) 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 Asset Test Books Computers Maps Travel Finance Total Company Total $ 1,735 551 135 167 3,728 1,580 255 127 227 141 105 130 % % % % Required: a1. Determine the reportable segments by performing revenue test. 2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. % % Complete this question by entering your answers in the tabs below. Books $ 189 44 78 0 Reported or Not Reported 256 135 90 < Profit or Loss Test 0 41 62 Computers $ 756 280 0 0 1,481 868 71 0 91 (21) Determine the reportable segments by performing asset test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. Segment Assets Percentage Asset Test Maps $ 446 59 0 298 314 28 0 58 77 Travel Finance $ 344 168 0 0 353 210 66 0 37 81 $0 0 57 167 1,340 53 0 127 0 (58)
Oroblanco 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. (Figures are in thousands.) 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 Asset Test Books Computers Maps Travel Finance Total Company Total $ 1,735 551 135 167 3,728 1,580 255 127 227 141 105 130 % % % % Required: a1. Determine the reportable segments by performing revenue test. 2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by performing asset test. % % Complete this question by entering your answers in the tabs below. Books $ 189 44 78 0 Reported or Not Reported 256 135 90 < Profit or Loss Test 0 41 62 Computers $ 756 280 0 0 1,481 868 71 0 91 (21) Determine the reportable segments by performing asset test. Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars. Segment Assets Percentage Asset Test Maps $ 446 59 0 298 314 28 0 58 77 Travel Finance $ 344 168 0 0 353 210 66 0 37 81 $0 0 57 167 1,340 53 0 127 0 (58)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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Transcribed Image Text:Oroblanco 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. (Figures are in thousands.)
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
Segment
Profit or Loss
Test
Books
Computers
Maps
Travel
Finance
Total
Asset Test
Assets
Company Total
$ 1,735
Percentage
Required:
1. Determine the reportable segments by performing revenue test.
2. Determine the reportable segments by performing profit or loss test.
3. Determine the reportable segments by performing asset test.
%
%6
%
%
3,728
1,580
255
Complete this question by entering your answers in the tabs below.
%
%
551
135
167
127
227
Reported or Not
Reported
141
105
130
< Profit or Loss Test
Books
$ 189
44
78
8
256
135
90
0
41
62
Determine the reportable segments by performing asset test.
Note: Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.
Computers
$ 756
280
8
0
1,481
868
71
8
91
(21)
Maps
$ 446
59
Asset Test >
298
314
28
58
77
Travel Finance
$344
168
8
0
353
210
66
8
37
81
0
57
167
1,340
53
0
127
@
(58)
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