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

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For internal decision-making purposes,Geogh Corporation identifies its industry segments by geographical area.For 2014,the total revenues of each segment are provided below.There are no intersegment revenues. For internal decision-making purposes,Geogh Corporation identifies its industry segments by geographical area.For 2014,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?
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?


Definitions:

Customer Surveys

Tools used by businesses to gather feedback from customers regarding their satisfaction with products, services, or experiences.

Visual Inspections

This process involves examining objects, systems, or environments directly with the eyes, typically as a part of quality control or maintenance.

Mass Production

A method of producing goods in large quantities at low cost per unit, often using assembly line techniques.

Benchmarking

Process of determining how well other companies perform business functions or tasks.

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