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Segment Reporting: Requirement: Identify reportable segments based on quantitative thresholds. Question: A company operates in three segments: A, B, and C. Segment A's revenue is

·Segment Reporting:

  • Requirement: Identify reportable segments based on quantitative thresholds.
  • Question: A company operates in three segments: A, B, and C. Segment A's revenue is $500,000, Segment B's revenue is $400,000, and Segment C's revenue is $300,000. Determine if any of the segments meet the quantitative thresholds for reportable segments. 

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