The Following Data Relate to Falcon Corporation's Industry Segments

question 1

Essay

The following data relate to Falcon Corporation's industry segments:
Required:
1.Which of Falcon's operating segments would be considered reporting segments under the "revenue" test?
2.Which of Falcon's operating segments would be considered reporting segments under the "asset" test?

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Definitions:

Tablets

Portable computing devices featuring a touchscreen interface, larger than smartphones, used for browsing the internet, reading, gaming, and other applications.

Misrepresenting Numbers

The act of presenting data or statistics in a way that inaccurately or deceitfully alters the perceived meaning or significance.

Exaggerating

The act of making something seem larger, more important, or more serious than it actually is, often for effect or emphasis.

Omitting

The act of leaving out or excluding something, either intentionally or accidentally.