The following data relate to Fall Corporation’s industry segments:
Sales to
External Intersegment
Industry Segment Customers Sales Assets
Pumpkin Division $80,000 $310,000
Apple Products 240,000 720,000
Plastics 20,000 $20,000 120,000
Costume Production 220,000 160,000 980,000
Party Products 20,000 75,000 270,000
Totals $580,000 $255,000 $2,400,000
1. Which of Fall’s operating segments would be considered reporting segments under the “revenue” test?
2. Which of Fall’s operating segments would be considered reporting segments under the “asset” test?
