What minimum revenue amount must any one segment generate to be of significant s

Question

What minimum revenue amount must any one segment generate to be of significant size to require disaggregate disclosure? Following is financial information describing the six operating segments that make up Fairfield, In thousands) c. (in egments Blue GreenPink Blackwhite $1,825 $ 826 528 323 135 s 113 Red Sales to outside parties Intersegment revenues Salary expense Rent expense Interest expense Income tax expense (savings) SH30 3939563(78) 628 153 30 331 56 28 316 76 45 19 123 416 105 326 106 180 73 101 96 79 155 Consider the folilowing 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.)

Explanation / Answer

On the basis of revenue , segemt will be reported separately if it's revenue is more than or equal to 10 % of total of all segments revenue.

So minimum revenue reqd = 10% of total revenue

= 10% * 4354 = 435.4 thousand $ or 435400 $

[ I ALSO ANSWERED PREVIOUSLY YOUR QUESTION, I FEEL SORRY BECAUSE I FORGOT TO MENTION WHAT THE QUESTION REQUIRED AS ANSWER. I APOLOGIZE FOR THAT.]

Segment Outside sale Intersegment sale Total Red 1825 30 1855 Blue 826 105 931 Green 528 123 651 Pink 323 0 323 Black 135 30 165 White 113 316 429 TOTAL 4354

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