Rise Corporation is based in the United States and its business is divided into segments based...

 

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Rise Corporation is based in the United States and its business is divided into segments based on geo- graphical location. The following information has been accumulated for use in preparing segment dis- closures in 2016: Unaffiliated Intersegment Sales Sales Total $250,000 $250,000 200,000 United States Canada 200,000 Europe 130,000 130,000 Latin America 120,000 10,000 30,000 130,000 Jаpan Korea Singapore 130,000 50,000 100,000 50,000 20,000 10,000 30,000 Other 10,000 10,000 $880,000 $50,000 $930,000 REQUIRED 1. Determine Rise's reportable segment under the 10 percent revenue test. 2. Are additional reportable segments required? 3. Prepare a schedule to disclose segmented revenue and its reconciliation for 2016. Rise Corporation is based in the United States and its business is divided into segments based on geo- graphical location. The following information has been accumulated for use in preparing segment dis- closures in 2016: Unaffiliated Intersegment Sales Sales Total $250,000 $250,000 200,000 United States Canada 200,000 Europe 130,000 130,000 Latin America 120,000 10,000 30,000 130,000 Jаpan Korea Singapore 130,000 50,000 100,000 50,000 20,000 10,000 30,000 Other 10,000 10,000 $880,000 $50,000 $930,000 REQUIRED 1. Determine Rise's reportable segment under the 10 percent revenue test. 2. Are additional reportable segments required? 3. Prepare a schedule to disclose segmented revenue and its reconciliation for 2016.

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