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Chevalier Company has identified five industry segments: plastics, metals, lumber, paper, and finance. It appropriately...

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Accounting

Chevalier 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:
Chevalier does not allocate its $1,310,000 in common expenses to the various segments.
Required:
a1. Perform revenue test procedure to determine Chevalier's reportable operating segments.
a2. Perform profit or loss test procedure to determine Chevalier's reportable operating segments.
a3. Perform asset test procedure to determine Chevalier's reportable operating segments.
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