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:
| Plastics | Metals | Lumber | Paper | Finance |
Sales to outside parties | $6,319 | $2,144 | $636 | $347 | -0- |
Intersegment transfers | 106 | 131 | 96 | 108 | -0- |
Interest income from outside parties | -0- | 19 | 6 | -0- | $ 27 |
Interest income from intersegment loans | -0- | -0- | -0- | -0- | 159 |
Operating expenses | 3,914 | 1,612 | 916 | 579 | 16 |
Interest expense | 61 | 16 | 51 | 31 | 87 |
Tangible assets | 1,291 | 2,986 | 314 | 561 | 104 |
Intangible assets | 72 | 361 | -0- | 48 | -0- |
Intersegment loans | -0- | -0- | -0- | -0- | 664 |
Ecru does not allocate its $1,250,000 in common expenses to the various segments.
Perform testing procedures to determine Ecru’s reportable operating segments.
We need at least 10 more requests to produce the solution.
0 / 10 have requested this problem solution
The more requests, the faster the answer.