Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified.     Company Total   Books   Computers   Maps   Travel   Finance Sales to outside parties $ 1,547     $ 121     $ 696     $ 416     $ 314     $ 0   Intersegment sales   421       24       240       39       118       0   Interest income—external   97       60       0       0       0       37   Interest income—intersegment loans   147       0       0       0       0       147   Assets   3,398       206       1,378       248       326       1,240   Operating expenses   1,460       115       818       304       190       33   Expenses—intersegment sales   198       70       51       31       46       0   Interest expense—external   107       0       0       0       0       107   Interest expense—intersegment loans   147       21       71       38       17       0   Income tax expense (savings)   21       12       (41 )     27       31       (8 ) General corporate expenses   55                                           Unallocated operating costs   80                                               Determine the reportable segments by performing each applicable test. (Figures are in thousands.)   Revenue test: Profit or loss test: Asset test:

Oroblanco Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. (Figures are in thousands.) Accounts Company Total Sales to outside parties $ 1,678 Books $ 168 Computers $ 732 Intersegment sales 517 36 276 Maps $ 440 51 Travel Finance $ 338 154 $ 0 0 Interest income-external 121 72 0 0 0 49 Interest income-intersegment loans 159 0 0 0 0 159 Assets 3,623 242 1,439 284 358 1,300 Operating expenses 1,517 127 854 289 202 45 Expenses-intersegment sales 246 82 63 43 58 0 Interest expense-external 119 0 0 0 0 119 Interest expense-intersegment loans 195 33 83 50 29 0 Income tax expense (savings) 105 48 (29) 63 67 (44) General corporate expenses 91 Unallocated operating costs 116 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by…

Oroblanco Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. (Figures are in thousands.) Accounts Company Total Sales to outside parties $ 1,678 Books $ 168 Computers $ 732 Intersegment sales 517 36 276 Maps $ 440 51 Travel Finance $ 338 154 $ 0 0 Interest income-external 121 72 0 0 0 49 Interest income-intersegment loans 159 0 0 0 0 159 Assets 3,623 242 1,439 284 358 1,300 Operating expenses 1,517 127 854 289 202 45 Expenses-intersegment sales 246 82 63 43 58 0 Interest expense-external 119 0 0 0 0 119 Interest expense-intersegment loans 195 33 83 50 29 0 Income tax expense (savings) 105 48 (29) 63 67 (44) General corporate expenses 91 Unallocated operating costs 116 Required: a1. Determine the reportable segments by performing revenue test. a2. Determine the reportable segments by performing profit or loss test. a3. Determine the reportable segments by…

Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified.Determine the reportable segments by performing each applicable test. Also describe the proce­dure utilized to ensure that a sufficient number of segments are being separately disclosed. (Figures are in thousands.)

subject;accounting

Please Solve all required with details and do not Give image format

Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) Plastics $6,855 163 a. Revenue test: b. Profit or loss test: c. Asset test: 0 0 4,334 82 1,577 93 0 Metals $2,414 185 40 0 1,822 37 3,256 415 0 Lumber $ 741 150 27 0 1, 126 72 584 0 0 Ecru does not allocate its $1,400,000 in common expenses to the various segments. Perform testing procedures to determine Ecru's reportable operating segments. Paper Finance $ 452 162 0 0 684 22 831 69 0 0 48 213 37 108 209 0 718

Ecru Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt.) Plastics $6,870 a. Revenue test: 163 0 0 4,354 83 1,567 94 Metals $2,419 186 41 0 1,832 38 3,261 416 0 Lumber $ 746 151 28 0 1,136 73 589 0 0 Ecru does not allocate its $1,360,000 in common expenses to the various segments. " Perform testing procedures to determine Ecru's reportable operating segments. Paper Finance $ 457 $0 163 0 0 689 20 836 70 0 0 49 214 38 109 214 0 719

EMM, Inc. has the following balance sheet:   EMM, Incorporated Balance Sheet as of 12/31/X0 Assets   Liabilities and Equity Cash $ 1,200   Accounts payable $ 4,900 Accounts receivable   8,900   Bank note payable   7,700 Inventory   6,100         Long-term assets   4,400   Equity   8,000   $ 20,600     $ 20,600     It has estimated the following relationships between sales and the various assets and liabilities that vary with the level of sales:   Accounts receivable = $3,560 + 0.35 Sales, Inventory = $2,356 + 0.28 Sales, Accounts payable = $1,449 + 0.20 Sales.   If the firm expects sales of $27,000, what are the forecasted levels of the balance sheet items above? Round your answers to the nearest dollar. Accounts receivable: $   Inventory: $   Accounts payable: $   Will the expansion in accounts payable cover the expansion in inventory and accounts receivable? Round your answers to the nearest dollar. The expansion in accounts payable of $    the total…

Saved He Chevalier Company has identified five industry segments: plastics, metals, lumber, paper, and finance. t appropriately consolidated each of these segments in producing its annual financial statements. Information describing each segment (in thousands) follows: Accounts Sales to outside parties Intersegment sales Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) Plastics $ 6,625 Metals $ 2,334 Lumber $ 701 Paper $ 412 Finance 146 169 134 146 $ 0 0 0 32 19 0 40 0 0 0 0 197 4,174 74 1,742 1,046 644 29 29 64 30 100 1,467 85 0 3,176 504 751 169 399 0 0 61 0 0 0 702 Chevalier does not allocate its $1,480,000 in common expenses to the various segments. Required: a1. Perform revenue test procedure to determine Chevalier's reportable operating segments. a2. Perform profit or loss test procedure to determine Chevalier's reportable operating segments. a3. Perform…