Question

Required information

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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	$	1,820			$	821			$	523			$	318			$	130			$	108
Intersegment revenues		25				100				118				0				25				311
Salary expense		623				388				411				321				326				71
Rent expense		148				175				90				101				51				40
Interest expense		74				68				91				58				23				14
Income tax expense (savings)		150				96				70				(95	)			(73	)			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? (Enter your answer in dollars but not in thousands.)

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.)

Answer 1