The following data for 2011 relate to Hay Industries, a worldwide conglomerate:
| Sales to Unaffiliated Customers | Intersegment Sales | Operating Profit (Loss) | Assets |
Food | $300,000 | $50,000 | $45,000 | $310,000 |
Chemical | 110,000 | 40,000 | 23,000 | 150,000 |
Textiles | 65,000 | 5,000 | (8,000) | 60,000 |
Furniture | 48,000 | — | 9,000 | 40,000 |
Beverage | 62,000 | 10,000 | 18,000 | 60,000 |
Oil | 15,000 | — | (2,000) | 25,000 |
Segment | 600,000 | 105,000 | 85,000 | 645,000 |
Corporate | — | — | (7,000) | 15,000 |
Consolidated | $600,000 | 0 | $78,000 | $660,000 |
REQUIRED : Answer the following questions related to Hay’s required segment disclosures and show computations:
1. Which segments are reportable segments under (a) the revenue test, (b) the operating-profit test, and (c) the asset test?
2. Do additional reportable segments have to be identified?
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