Problems 14-19. Use the below table to answer the questions.

Problems 14-19. Use the below table to answer the questions.

Problems 14-19. Use the below table to answer the questions.

Problems 14-19. Use the below table to answer the questions.

Segment Reporting Practice Exam

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Segments
Red Blue Green Pink Black White
Sales to outsiders
1811 812 514 309 121 99
Intersegment revenues
16 91 109 0 16 302

Salary expense
614 379 402 312 317 62
Rent expense 139 166 81 92 42 31

Segment Profit and Loss

Segment Assets
100 300 600 200 300 500

Segment Liabilities
50 100 200 75 275 220

14. Under the revenue test alone which
are the reportable operating segments

15. Under the asset test alone which are
the reportable operating segments

16. Under the Profit and Loss test alone
which are the reportable operating segments

17. Using all three tests, which are the
reportable operating segments.

18. Assume that only Red, Blue and Green
are of sufficient size to require separate disclosure. Is Steinitz disclosing
enough segments ?

19. What is the amount of revenues from a
single customer in one year that will cause it to be a major customer

 

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