Blanton Corporation Is Comprised of Five Operating Segments

question 6

Short Answer

Blanton Corporation is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Required:
(a.) Which operating segments are reportable under the revenue test?
(b.) What is the total amount of revenues in applying the revenues test?
(c.) Which operating segments are reportable under the profit or loss test?
(d.) In applying the profit or loss test, what is the minimum amount an operating segment must have in order to meet the profit or loss test for a reportable segment?
(e.) Which operating segments are reportable under the asset test?
(f.) In applying the asset test, what is the minimum amount an operating segment must have in order to meet the asset test for a reportable segment?
(g.) Which operating segments are reportable?
(h.) According to the test results for reportable segments, is there a sufficient number of reported segments or should any additional segments also be disclosed? Explain the reason for your conclusion.

Recognize the role of credibility and ethics in effective communication.

Demonstrate the ability to communicate a company's image effectively through preferred communication styles.

Understand strategies for delivering negative news in a positive manner.

Understand the importance of perceived fairness and actual fairness in workplace communication.

---

Definitions:

Stay Hydrated

The practice of ensuring adequate fluid intake to maintain healthy bodily functions and hydration levels.

Blood Sugar

The concentration of glucose present in the blood, essential for energy production but problematic when levels are too high or too low.

Vomiting

The forceful expulsion of stomach contents through the mouth, a protective mechanism to remove harmful substances from the body.

Sodium Chloride

A chemical compound, also known as table salt, used mainly in the food industry as a flavor enhancer and preservative, as well as in medical treatments.