Following is financial information describing the six operating segments that ma
ID: 2339367 • Letter: F
Question
Following is financial information describing the six operating segments that make up Fairfield Inc. On thousands) Segments Red Blue Green m Pink Black White $1,825 826 528 323 135 113 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) 30 628 153 79 155 105 393 180 73 101 123 416 95 96 75 326 106 63 (1ee) 30 331 56 28 (78) 316 76 45 19 Consider the following questions independenty 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 answer in dollars but not in thousands.)Explanation / Answer
On the basis of revenue , segemt will be reported separately if it's revenue is more than or equal to 10 % of total of all segments revenue.
Segment Outside sale Intersegment sale Total % OF TOTAL Reportabel (if > 10%) Red 1825 30 1855 42.60 Yes Blue 826 105 931 21,38 Yes Green 528 123 651 14.96 Yes Pink 323 0 323 7.41 no Black 135 30 165 3.79 no White 113 316 429 9.85 no TOTAL 4354