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.)
| 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 |
intersegment sales | 198 | 70 | 51 | 31 | 46 | -0- |
Interest expense external | 107 | -0- | -0- | -0- | -0- | 107 |
Interest expense intersegment loans | 177 | 21 | 71 | 38 | 47 | -0- |
Income tax expense (savings) | 21 | 12 | (41) | 27 | 31 | (8) |
General corporate expenses | 55 |
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Unallocated operating costs | 80 |
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