The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Red $ 1,832 37 635 160 86 162 Blue $833 112 400 187 Segments 80 108 Green $535 130 423 102 103 82 Pink $330 0 333 113 70 (107) Black $ 142 37 338 63 35 (85) White $ 120 323 83 52 26 0 Interest expense Income tax expense (savings) Consider the following questions independently. None of the six segments have a primarily financial nature. Required: a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?

The following is financial information describing the six operating segments that make up Chucktown Sauce Company (in thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Red $ 1,832 37 635 160 86 162 Blue $833 112 400 187 Segments 80 108 Green $535 130 423 102 103 82 Pink $330 0 333 113 70 (107) Black $ 142 37 338 63 35 (85) White $ 120 323 83 52 26 0 Interest expense Income tax expense (savings) Consider the following questions independently. None of the six segments have a primarily financial nature. Required: a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?

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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