!Required information[The following information applies to the questions displayed below.]Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):SegmentsSales to outside partiesIntersegment revenuesSalary expenseRent expenseInterest expenseIncome tax expense (savings)Red$1,8121761514066142Minimum revenuesBlue$ 813923801676088Green$515110403828362Pink$ 31003139350(87)Black$ 122173184315(65)White$ 100303633260Consider the following questions independently. None of the six segments has a primarily financial nature.a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?(Enter your answer in dollars but not in thousands.)

Introduction: The total value of all products sold by a company at a specific period is referred to…

Required information [The following information applies to the questions displayed below.] Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,812 17 615 140 66 142 Blue $ 813 92 380 167 60 88 Green $ 515 110 403 82 83 62 Pink $ 310 0 313 93 50 (87) Black $ 122 17 318 43 15 (65) White $ 100 303 63 32 0 Consider the following questions independently. None of the six segments has a primarily financial nature.

Required information [The following information applies to the questions displayed below.] Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,812 17 615 140 66 142 Blue $ 813 92 380 167 60 88 Green $ 515 110 403 82 83 62 Pink $ 310 0 313 93 50 (87) Black $ 122 17 318 43 15 (65) White $ 100 303 63 32 0 Consider the following questions independently. None of the six segments has a primarily financial nature.

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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