Question: Question on the picture below P 15-1 Apply threshold tests Rise Corporation is based in the United States and its business is divided into segments

Question on the picture below

P 15-1 Apply threshold tests 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 United States $250,000 $250,000 Canada 200,000 200,000 Europe 130,000 130,000 Latin America 120,000 10,000 130,000 Japan 100,000 30,000 130,000 Korea 50,000 50,000 Singapore 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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