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 Company Total Books Computers Maps Travel Finance Sales to outside parties $ 1,735 $ 191 $ 752 $ 447 $ 345 $ 0 Intersegment sales 559 43 290 58 168 0 Interest income—external 130 74 0 0 0 56 Interest income—intersegment loans 166 0 0 0 0 166 Assets 3,715 256 1,473 298 353 1,335 Operating expenses 1,560 134 868 297 209 52 Expenses—intersegment sales 264 89 70 40 65 0 Interest expense—external 126 0 0 0 0 126 Interest expense—intersegment loans 223 40 90 57 36 0 Income tax expense (savings) 140 62 (22) 77 81 (58) General corporate expenses 105 - - - - - Unallocated operating costs 130 - - - - - 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 Reported or Not Reported Books % Computers % Maps % Travel % Finance % Total $0 0.0 %

Auditing: A Risk Based-Approach (MindTap Course List)

11th Edition

ISBN:9781337619455

Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg

Chapter5: Professional Auditing Standards And The Audit Opinion Formulation Process

Section: Chapter Questions

Problem 9RQSC: Assume that an organization asserts that it has $35 million in net accounts receivable. Describe...

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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	Company Total	Books	Computers	Maps	Travel	Finance
Sales to outside parties	$ 1,735	$ 191	$ 752	$ 447	$ 345	$ 0
Intersegment sales	559	43	290	58	168	0
Interest income—external	130	74	0	0	0	56
Interest income—intersegment loans	166	0	0	0	0	166
Assets	3,715	256	1,473	298	353	1,335
Operating expenses	1,560	134	868	297	209	52
Expenses—intersegment sales	264	89	70	40	65	0
Interest expense—external	126	0	0	0	0	126
Interest expense—intersegment loans	223	40	90	57	36	0
Income tax expense (savings)	140	62	(22)	77	81	(58)
General corporate expenses	105	-	-	-	-	-
Unallocated operating costs	130	-	-	-	-	-

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	Reported or Not Reported
Books			%
Computers			%
Maps			%
Travel			%
Finance			%
Total	$0	0.0	%

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