Mason Company has prepared consolidated financial statements for the current year and is now gathering information in connection with the following five operating segments it has identified. Determine the reportable segments by performing each applicable test. Also describe the procedure utilized to ensure that a sufficient number of segments are being separately disclosed. (Figures are in thousands.)
Company Total
Books
Computers
Maps
Travel
Finance
Sales to outside parties
$1,547
$121
$696
$416
$314
–0–
Intersegment sales
421
24
240
39
118
Interest income— external
97
60
0
$37
Interest income—
intersegment loans
147
Assets
3,398
206
1,378
248
326
1,240
Operating expenses
1,460
115
818
304
190
33
Expenses— intersegment sales
198
70
51
31
46
Interest expense— external
107
Interest expense— intersegment loans
177
21
71
38
47
Income tax expense (savings)
12
-41
27
-8
General corporate expenses
55
Unallocated operating costs
80
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