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?
Definitions:
Ancient of Days
A phrase used to describe God in the Biblical Book of Daniel, often depicted in Christian iconography as an elderly, bearded figure.
Mathematician
A scientist who specializes in the study of mathematics, exploring concepts such as numbers, data, quantity, structure, space, and change.
The Stone Breakers
A painting by Gustave Courbet completed in 1849, representing two peasants breaking rocks, symbolizing the harshness of manual labor.
Manual Labor
Work that requires physical activity and is often of a skilled or unskilled nature, as opposed to intellectual or desk-based work.
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