[The following information applies to the questions displayed below.) The following is financial information describing...

90.2K

Verified Solution

Question

Accounting

image

image

[The following information applies to the questions displayed below.) The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): White $ 120 323 Red $1,832 37 635 160 86 162 Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Blue $ 833 112 400 187 80 108 Segments Green Pink $ 535 $ 330 130 0 423 333 102 113 103 70 82 (107) Black $ 142 37 338 63 35 (85) 83 52 26 0 Consider the following questions independently. None of the six segments have a primarily financial nature. Problem 8-36 Part a 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.) Minimum revenues [The following information applies to the questions displayed below.] The following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands): Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) Red $1,832 37 635 160 86 162 Blue $ 833 112 400 187 80 108 Segments Green Pink $ 535 $ 330 130 0 423 333 102 113 103 82 (107) Black $ 142 37 338 63 35 (85) White $ 120 323 83 52 26 70 Consider the following questions independently. None of the six segments have a primarily financial nature. Problem 8-36 Part c c. What volume of revenues must a single customer generate to necessitate disclosing the existence of a major customer? (Enter your answer in dollars but not in thousands.) Volume of revenues

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students