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

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For internal decision-making purposes, Falcon 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, Falcon 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?

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Definitions:

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Non-experimental

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