The following data relate to Fall Corporation’s industry segments:

The following data relate to Fall Corporation’s industry segments:

                                                              Sales to

                                                             External                      Intersegment

Industry Segment                         Customers                                Sales                   Assets   

Pumpkin Division                             $80,000                                                               $310,000

Apple Products                                 240,000                                                               720,000

Plastics                                               20,000                         $20,000                         120,000

Costume Production                         220,000                         160,000                         980,000

Party Products                                    20,000                           75,000                         270,000

Totals                                                $580,000                       $255,000                   $2,400,000

1. Which of Fall’s operating segments would be considered reporting segments under the “revenue” test?

2. Which of Fall’s operating segments would be considered reporting segments under the “asset” test?