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?

Question

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?

Quizplus · Accepted Answer

The Answer of 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?

The Following Data Relate to Falcon Corporation's Industry Segments