Question
Sales to ExternalIntersegment Industry SegmentCustomersSalesAssets PumpkinDivision$80,000$310,000 AppleProducts240,000720,000 Plastics20,000$20,000120,000 CostumeProduction220,000160,000980,000 PartyProducts20,00075,000270,000 Totals$580,000$255,000$2,400,000 1. Which of Fall's operating segments would be considered reporting segments under the revenue
Sales to
ExternalIntersegment
Industry SegmentCustomersSalesAssets
PumpkinDivision$80,000$310,000
AppleProducts240,000720,000
Plastics20,000$20,000120,000
CostumeProduction220,000160,000980,000
PartyProducts20,00075,000270,000
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?
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Auditing Cases An Active Learning Approach
Authors: Mark S. Beasley, Frank A. Buckless, Steven M. Glover, Douglas F. Prawitt
2nd Edition
0130674842, 978-0130674845
