ecru does not allocate its 1 250 000 in common expenses to the various segments perf 591575

Aug 29, 2021 | Uncategorized

Ecru 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:

Plastics

Metals

Lumber

Paper

Finance

Sales to outside parties

$6,319

$2,144

$636

$347

–0–

Intersegment transfers

106

131

96

108

–0–

Interest income from

outside parties

–0–

19

6

–0–

$27

Interest income from

intersegment loans

–0–

–0–

–0–

–0–

159

Operating expenses

3,914

1,612

916

579

16

Interest expense

61

16

51

31

87

Tangible assets

1,291

2,986

314

561

104

Intangible assets

72

361

–0–

48

–0–

Intersegment loans

–0–

–0–

–0–

–0–

664

Ecru does not allocate its $1,250,000 in common expenses to the various segments. Perform testing procedures to determine Ecru’s reportable operating segments.