Apply threshold tests
1. Coy Corporation and its divisions are engaged solely in manufacturing operations. The following data (consistent with prior years’ data) pertain to the industries in which operations were conducted for the year ended December 31, 2011 (in thousands):
|
Industry |
Total Revenue |
Operating Profit |
Assets at December 31, 2011 |
|
A |
$10,000 |
$1,750 |
$20,000 |
|
B |
8,000 |
1,400 |
17,500 |
|
C |
6,000 |
1,200 |
12,500 |
|
D |
3,000 |
550 |
7,500 |
|
E |
4,250 |
675 |
7,000 |
|
F |
1,500 |
225 |
3,000 |
|
$32,750 |
$5,800 |
$67,500 |
In its segment information for 2011, how many reportable segments does Coy have?
a Three
b Four
c Five
d Six