1. What is an operating segment? 2. What is a reportable segment according to FASB ASC Topic 280? What criteria are used in determining what operating segments are also reportable segments? 3. Why do you think financial analysts are interested in segment disclosures? 4. Describe what is meant by the management approach to the disclosure of operating segments. 5. How are the segments that are not reportable segments handled in the required disclosures of FASB ASC Topic 280? 6. Describe the quantitative thresholds that dictate whether an operating segment must be separately disclosed in the footnotes. 7. Describe the 10% operating-profit test for determining reportable segments. 8. Describe the 10% asset test for determining reportable segments