Wayne, Inc. has four operating segments with the following information: Tables Bookcases Cabinets Chairs Sales to outsiders $ 2,600,000 $ 3,200,000 $ 5,350,000 $ 1,780,000 Intersegment transfer $ 380,000 $ 0 $ 125,000 $ 117,000 Segment expenses $ 1,900,000 $ 2,200,000 $ 4,480,000 $ 2,174,000 Segment assets $ 10,800,000 $ 12,000,000 $ 18,000,000 $ 3,500,000 Which operating segments are separately reportable under the revenue test?
Wayne, Inc. has four operating segments with the following information: Tables Bookcases Cabinets Chairs Sales to outsiders $ 2,600,000 $ 3,200,000 $ 5,350,000 $ 1,780,000 Intersegment transfer $ 380,000 $ 0 $ 125,000 $ 117,000 Segment expenses $ 1,900,000 $ 2,200,000 $ 4,480,000 $ 2,174,000 Segment assets $ 10,800,000 $ 12,000,000 $ 18,000,000 $ 3,500,000 Which operating segments are separately reportable under the revenue test?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Wayne, Inc. has four operating segments with the following information:
| Tables | Bookcases | Cabinets | Chairs | |||||||||||
| Sales to outsiders | $ | 2,600,000 | $ | 3,200,000 | $ | 5,350,000 | $ | 1,780,000 | ||||||
| Intersegment transfer | $ | 380,000 | $ | 0 | $ | 125,000 | $ | 117,000 | ||||||
| Segment expenses | $ | 1,900,000 | $ | 2,200,000 | $ | 4,480,000 | $ | 2,174,000 | ||||||
| Segment assets | $ | 10,800,000 | $ | 12,000,000 | $ | 18,000,000 | $ | 3,500,000 | ||||||
Which operating segments are separately reportable under the revenue test?
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