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Question 2 0.2pts Magnus Co. is a publicly traded, consolidated entity reporting segment information. Based on quantitative thresholds, Magnus identified the following three reportable

Question 2\

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\ Magnus Co. is a publicly traded, consolidated entity reporting segment information. Based on quantitative thresholds, Magnus identified the following three reportable segments: banking services, insurance services, and automobile production. Although the consulting services operating segment does not meet any of the quantitative thresholds, the management believes that the information regarding this segment would be useful to the external users of financial statements.\ Which section of the Accounting Standard Codification best helps Magnus determine whether the consulting services segment can be considered a reportable and separately disclosed?\ (Format answer: ASC XXX-XX-XX-XX or ASC XXX-XX-XX)-- (do not put 09, put 9, Capitalization Matters)\ Question 3\ 0.2 pts

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Magnus Co. is a publicly traded, consolidated entity reporting segment information. Based on quantitative thresholds, Magnus identified the following three reportable segments: banking services, insurance services, and automobile production. Although the consulting services operating segment does not meet any of the quantitative thresholds, the management believes that the information regarding this segment would be useful to the external users of financial statements. Which section of the Accounting Standard Codification best helps Magnus determine whether the consulting services segment can be considered a reportable and separately disclosed? (Format answer: ASC XXX-XX-XX-XX or ASC XXX-XX-XX)-- (do not put 09, put 9, Capitalization Matters)

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