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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 $ 6,625 $ 2,334 $ 701 $ 412 $ 0
Intersegment transfers 146 169 134 146 0
Interest income from outside parties 0 32 19 0 40
Interest income from intersegment loans 0 0 0 0 197
Operating expenses 4,174 1,742 1,046 644 29
Interest expense 74 29 64 30 100
Tangible assets 1,467 3,176 504 751 169
Intangible assets 85 399 0 61 0
Intersegment loans (debt) 0 0 0 0 702


Ecru does not allocate its $1,480,000 in common expenses to the various segments.

Perform testing procedures to determine Ecru’s reportable operating segments.

  1. Revenue test:

  2. Profit or loss test:

  3. Asset test:

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: Plasties Metals LumberPaper Finance $6,625 2,334701 Sales to outside parties Intersegment transfers Interest income from outside parties Interest income from intersegment loans Operating expenses Interest expense Tangible assets Intangible assets Intersegment loans (debt) 412 0 169 32 146 134 146 1 0 197 2 9 100 169 ,174 1,742 29 1,046 644 504 1,467 85 3,176 399 751 61 702 Ecru does not allocate its $1,480,000 in common expenses to the various segments. Perform testing procedures to determine Ecrus reportable operating segments. a. Revenue test: b. Profit or loss test: c. Asset test: Complete this question by entering your answers in the tabs below Revenue TestProfit or Loss Asset Test Test Perform revenue test procedure to determine Ecrus reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) or Segment Revenues Percentage Re Plastics Metals Lumber Paper Finance Total Revenue Test Profit or Loss TestComplete this question by entering your answers in the tabs below. Profit or Loss Test Revenue Test Perform profit or loss test procedure to determine Ecrus reportable operating segments. (Enter your answers in thousands of dollars.) Reported or Not Segment Revenues Expenses ProfitLoss Plastics Metals Lumber Paper Finance Reported Total < Revenue Test Asset Test>Complete this question by entering your answers in the tabs below. Profit or LoAsset Test Revenue Test Test Perform asset test procedure to determine Ecrus reportable operating segments. (Round your percentage answers to 1 decimal place. Enter your answers in thousands of dollars.) Segment Plastics Metals Lumber Paper Finance Assets Percentage Reported or Not Reported Total Profit or Loss Test Asset Test

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