dap corporation s home country is the united states but it 249859

DaP Corporation’s home country is the United States, but it also has operations in Canada, Mexico, Brazil, and South Africa and reports internally on a geographic basis. Information relevant to DaP’s operating-segment disclosure requirement for the year ended December 31, 2011, is presented in summary form as follows:



REQUIRED

1. Prepare schedules to show which of DaP’s operating segments require separate disclosure under

(a) The 10% revenue test,

(b) The 10% asset test, and

(c) The 10% profit test.

2. Which of DaP’s operating segments meet at least one of the tests for segment reporting?

3. Prepare a schedule to disclose DaP’s segment operations from the information given.

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