The following information is available for World Wide Corporation's operating subsidiaries throughout the world, in thousands of Canadian dollars:

Required:

Determine which regions you would suggest reporting as geographic segments, as defined by the CICA Handbook. Identify the characteristics that led to your choices.

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Canada United States Europe Asia South America General Corporate Sales to External Operating Identifiable After-Tax Sales Regions Assets Profit $200,000 40,000 20,000 $ 40,000 190,000 150,000 30,000 40,000 Consolidated $450,000 Investment income, less general corporate expenses. $ 20,000 80,000 70,000 15,000 20,000 30,000 $235,000 $ 5,000 4,500 9,000 3,500 5,000 3,000* $30,000