For Internal Decision-Making Purposes,Falcon Corporation Identifies Its Industry Segments by Geographical

question 1

Essay

For internal decision-making purposes,Falcon Corporation identifies its industry segments by geographical area.For 2011,the total revenues of each segment are provided below.There are no intersegment revenues.
Required:
1.Which operating segments will be considered reporting segments based on the revenue test?
2.What is the test value for determining whether a sufficient number of segments are reported?
3.What will be the minimum number of segments that must be reported?

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Definitions:

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Alterations in an individual's actions or reactions, often in response to internal or external stimuli.

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A concept referring to the consistent patterns of feeling, thinking, and behaving that define an individual's character.

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A condition wherein psychological stress adversely affects physiological functioning, leading to physical disorders.

Biochemical Activity

The complex interactions and processes involving biological molecules within living organisms.