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:
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.