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Question - The following data relate to Fall Corporation's industry segments:
Industry Segment
Sales to External Customers
Intersegment Sales
Assets
Pumpkin Division
$80,000
$310,000
Apple Products
240,000
720,000
Plastics
20,000
$20,000
120,000
Costume Production
220,000
160,000
980,000
Party Products
75,000
270,000
Totals
$580,000
$255,000
$2,400,000
1. Which of Fall's operating segments would be considered reporting segments under the "revenue" test?
2. Which of Fall's operating segments would be considered reporting segments under the "asset" test?
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