Which of fall operating segments would be considered

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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

20,000

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?

Reference no: EM131961971

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