Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Sales to outside parties $1,832 Blue $ 833 Green $ 535 Pink $ 330 Black White $ 142 $ 120 Intersegment revenues 37 112 130 37 323 Salary expense 635 400 423 333 338 83 Rent expense 160 187 102 113 63 52 Interest expense 86 80 103 70 35 26 Income tax expense (savings) 162 108 82 (107) (85) Consider the following questions independently. None of the six segments have a primarily financial nature. a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.) Minimum revenues
Required information [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segments Red Sales to outside parties $1,832 Blue $ 833 Green $ 535 Pink $ 330 Black White $ 142 $ 120 Intersegment revenues 37 112 130 37 323 Salary expense 635 400 423 333 338 83 Rent expense 160 187 102 113 63 52 Interest expense 86 80 103 70 35 26 Income tax expense (savings) 162 108 82 (107) (85) Consider the following questions independently. None of the six segments have a primarily financial nature. a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure? (Enter your answer in dollars but not in thousands.) Minimum revenues
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Required information
[The following information applies to the questions displayed below.]
The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Segments
Red
Sales to outside parties
$1,832
Blue
$ 833
Green
$ 535
Pink
$ 330
Black
White
$ 142
$ 120
Intersegment revenues
37
112
130
37
323
Salary expense
635
400
423
333
338
83
Rent expense
160
187
102
113
63
52
Interest expense
86
80
103
70
35
26
Income tax expense (savings)
162
108
82
(107)
(85)
Consider the following questions independently. None of the six segments have a primarily financial nature.
a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?
(Enter your answer in dollars but not in thousands.)
Minimum revenues](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F611dbb6a-43de-4a61-87cc-a3c9926dc902%2Fe51867b0-f300-4720-b8e6-07faaabd9060%2Frq59jch_processed.png&w=3840&q=75)
Transcribed Image Text:Required information
[The following information applies to the questions displayed below.]
The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
Segments
Red
Sales to outside parties
$1,832
Blue
$ 833
Green
$ 535
Pink
$ 330
Black
White
$ 142
$ 120
Intersegment revenues
37
112
130
37
323
Salary expense
635
400
423
333
338
83
Rent expense
160
187
102
113
63
52
Interest expense
86
80
103
70
35
26
Income tax expense (savings)
162
108
82
(107)
(85)
Consider the following questions independently. None of the six segments have a primarily financial nature.
a. What minimum revenue amount must any one segment generate to be of significant size to require disaggregated disclosure?
(Enter your answer in dollars but not in thousands.)
Minimum revenues
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