Apply threshold tests
Sur Corporation’s internal divisions are based on industry. The revenues, operating profits, and assets of the operating segments of Sur are presented in thousands of dollars as follows:
|
Sales to Non affiliates |
Intersegment Sales |
Total Sales |
Operating Profit (Loss) |
Assets |
|
|
Food service industry |
$150,000 |
$20,000 |
$170,000 |
$ 20,000 |
$100,000 |
|
Copper mine |
40,000 |
— |
40,000 |
(5,000) |
30,000 |
|
Information systems |
10,000 |
7,500 |
17,500 |
2,500 |
20,000 |
|
Chemical industry |
65,000 |
10,000 |
75,000 |
15,250 |
108,500 |
|
Agricultural products |
24,000 |
— |
24,000 |
(7,750) |
25,000 |
|
Pharmaceutical products |
10,000 |
— |
10,000 |
4,000 |
9,000 |
|
Foreign operations |
7,500 |
— |
7,500 |
2,500 |
10,000 |
|
Corporate assets * |
$306,500 |
$37,500 |
$344,000 |
$ 31,500 |
16,500 |
|
$319,000 |
REQUIRED: Determine the reportable segments of Sur Corporation.