Problems 14-19. Use the below table to answer the questions. Segment Reporting Practice Exam Segments Red Blue Green Pink Black White Sales to outsiders 1811 812 514 309 121 99 Intersegment revenues 16 91 109 0 16 302 Salary expense 614 379 402 312 317 62 Rent expense 139 166 81 92 42 31 Segment Profit and Loss Segment Assets 100 300 600 200 300 500 Segment Liabilities 50 100 200 75 275 220 14. Under the revenue test alone which are the reportable operating segments 15. Under the asset test alone which are the reportable operating segments 16. Under the Profit and Loss test alone which are the reportable operating segments 17. Using all three tests, which are the reportable operating segments. 18. Assume that only Red, Blue and Green are of sufficient size to require separate disclosure. Is Steinitz disclosing enough segments ?
