!Required information[The following information applies to the questions displayed below.]The following is financial information describing the six operating segments that make up Chucktown Sauce Company (inthousands):Sales to outside partiesIntersegment revenuesSalary expenseRent expenseRed$ 1,8364163916490166Minimum revenueBlue$ 83711640419184112SegmentsGreen Pink$ 539 $ 33413404273371061171077486 (111)Black$ 146413426739(89)White$ 1243278756300Interest expenseIncome 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?Note: Enter your answer in dollars but not in thousands.

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The following is financial information describing the six operating segments that make up Chucktown Sauce thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Red $ 1,836 41 639 164 90 166 Blue $ 837 116 404 191 84 112 Segments Green $ 539 134 427 106 107 86 Pink $ 334 0 337 117 74 (111) Black $ 146 41 342 67 39 (89) White $ 124 327 87 56 30 0 Interest expense Income tax expense (savings) Consider the following questions independently. None of the six segments have a primarily financial nature.

The following is financial information describing the six operating segments that make up Chucktown Sauce thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Red $ 1,836 41 639 164 90 166 Blue $ 837 116 404 191 84 112 Segments Green $ 539 134 427 106 107 86 Pink $ 334 0 337 117 74 (111) Black $ 146 41 342 67 39 (89) White $ 124 327 87 56 30 0 Interest expense Income tax expense (savings) Consider the following questions independently. None of the six segments have 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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Required Information [The following Information applies to the questions displayed below.] The following is financial Information describing the six operating segments that make up Chucktown Sauce Company (In thousands): Segments Red Sales to outside parties $ 1,813 Blue $ 814 Green Pink Black White $ 516 $ 311 $ 123 $ 101 Intersegment revenues 18 93 111 0 18 304 Salary expense 616 381 404 314 319 64 Rent expense 141 168 83 94 44 33 Interest expense 67 61 84 51 16 7 Income tax expense (savings) 143 89 63 (88) (66) e Consider the following questions independently. None of the six segments have a primarily financial nature. c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? Note: Enter your answer In dollars but not in thousands. Volume of revenues