Answer Happy

QUESTION 1 15 points Sav ABC Corp has the following operating segments. Data for these segments follows: A B с D E External Sales $500 $300 $1,400 $2,000 $1,000 Intersegment Sales $500 $100 $600 $400 $0 Operating Expenses $1,400 $340 $1,000 $2,800 $600 Total Assets $2,000 $160 $1,400 $8,000 $1,600 1. Which operating segments need to be disclosed in the footnotes to the financial statements based on the revenue test? 2. Which operating segments need to be disclosed in the footnotes to the financial statements based on the profit/loss test? 3. Which operating segments need to be disclosed in the footnotes to the financial statements based on the asset test? 4. Are the segments that need to be reported separately based on your answers in a.) through c.) sufficient? Beyond answering 'yes' or 'no', show your work. 5. What threshold value needed for disclosure of the existence a major customer?