1. According to the FASB, what is the major objective of segment reporting? 2. Describe the three tests to identify reportable operating segments. Dean Hardware, Inc. is comprised of five operating segments. Information about each of these segments is as follows (in thousands): Sales to outsiders Intersegment transfers Interest revenue - outsiders Interest revenue - intersegment Operating expenses - outsiders Operating expenses - intersegment Rakes Pails Shovels Hardware Accessories $ 94 $506 $44 $ 122 $ 4 26 14 2 - 4 28 24 222228 30 8 -6 116 414 40 102 26 2 20 6 16 - 12 2 Income taxes (4) 10 4 6 Tangible assets 18 116 12 12 Intangible assets 4 28 6 Intersegment receivables 86 Interest expense Required: What is the total amount of revenues in applying the revenue test? 3. To satisfy geographic area disclosure requirements, what are the minimum and maximum number of countries for which information should be reported separately? 4. Under what conditions should a company disclose the amount of sales from a