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The Following Data Relate to Falcon Corporation's Industry Segments

Question 34

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The following data relate to Falcon Corporation's industry segments:
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? 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?

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Requirement 1
The test value is 10% of t...

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