Question

Required information [The following information applies to the questions displayed below Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Segnents Red Blue $ 824 Green Pink Black White $ 111 Sales to outside parties Intersegment revenues Salary expense $1,823 28 $ 526 121 $ 321 $ 133 103 28 314 74 626 391 414 324 329 Rent expense Interest expense 151 178 93 104 54 43 77 71 94 61 26 17 Income tax expense (savings) 153 99 73 (98) (76) Consider the following questions independently. None of the six segments has 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 onswer in dollars but not in thousends.) Minimum revenues

Answer 1

Answer:- + $ 526 of $ 321 + $133 + $ 111 Total revenue = $182 3+ $824 = $3738 total revenue Segment should have 109% (or more share m to become reportable segmenta .: Accordingly, minimum revenue amount must any one legate segment generate to be of significant 512e to require dis agoče gated disclosure - 3738 x 100% $373.8 minimum revenues- $37318