Following is financial information describing the six operating segments that make up Fairfield, Inc. (in thousands):
|
Segments |
||||||
|
Red |
Blue |
Green |
Pink |
Black |
White |
|
|
Sales to outside parties |
$1,811 |
$812 |
$514 |
$309 |
$121 |
$99 |
|
Intersegment revenues |
16 |
91 |
109 |
–0– |
16 |
302 |
|
Salary expense |
614 |
379 |
402 |
312 |
317 |
62 |
|
Rent expense |
139 |
166 |
81 |
92 |
42 |
31 |
|
Interest expense |
65 |
59 |
82 |
49 |
14 |
5 |
|
Income tax expense (savings) |
141 |
87 |
61 |
86 |
64 |
–0– |
Consider the following questions independently. 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?
b. If only Red, Blue, and Green necessitate separate disclosure, is Fairfield disclosing disaggregated data for enough segments?
c. What volume of revenues must a single client generate to necessitate disclosing the existence of a major customer?
d. If each of these six segments has a profit or loss (in thousands) as follows, which warrants separate disclosure?
|
Red |
$1,074 |
|
Blue |
449 |
|
Green |
140 |
|
Pink |
($94) |
|
Black |
222 |
|
White |
308 |