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?