Segment Reporting Practice Exam Segments Red Blue Green Pink Black White Sales to outsiders 1811 812 514 309 121 99 Intersegment revenues 16 91 109 0 16 302 Salary expense 614 379 402 312 317 62 Rent expense 139 166 81 92 42 31 Segment Profit and Loss Segment Assets 100 300 600 200 300 500 Segment Liabilities 50 100 200 75 275 220 Using all three tests, which are the reportable operating segments. Assume that only Red, Blue, and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments? What is the amount of revenues from a single customer in one year that will cause it to be a major customer?
Problems 1-6 Use the below table to answer the questions.
Segment Reporting Practice Exam
Segments
Red Blue Green Pink Black White
Sales to outsiders 1811 812 514 309 121 99
Intersegment revenues 16 91 109 0 16 302
Salary expense 614 379 402 312 317 62
Rent expense 139 166 81 92 42 31
Segment
Segment Assets 100 300 600 200 300 500
Segment Liabilities 50 100 200 75 275 220
- Using all three tests, which are the reportable operating segments.
- Assume that only Red, Blue, and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments?
- What is the amount of revenues from a single customer in one year that will cause it to be a major customer?
ANSWER 1 TO 3 PLEASE
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