Segments Green Blue Black White Red Pink Sales to outside parties... Intersegment revenues Salary expense Rent expense. Interest expense Income tax expense (savings). $812 91 379 $1,811 $514 109 402 81 82 $309 -0- $121 $99 302 62 16 16 614 166 65 312 92 49 317 42 14 139 31 59 141 87 61 (86) (64) -0- Red $1,074 449 140 Pink .... Black.... $(94) (222) 308 Blue..... Green White....
Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Consider 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?
b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments?
c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer?
d. If each of these six segments has a profit or loss (in thousands) as follows, which warrants separate disclosure?



Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 12 images









