Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following must a company do after identifying significant segments via quantitative tests of segment revenues, income, and identifable assets to assess the

image text in transcribed
Which of the following must a company do after identifying significant segments via quantitative tests of segment revenues, income, and identifable assets to assess the reportability of those segments? It must determine whether total significant segment revenue is at least 75% more than the revenue of insignificant segments. It must determine whether total significant segment revenues equal or exceed 75% of the combined sales to unaffiliated customers for the entire enterprise. It must determine whether total significant segment profits equal or exceed 75% of the combined profit for the entire enterprise. It must ensure whether total significant segment profit is at least 75% more than the total profit of insignificant segments

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Auditing Technique For Securing Privacy In Cloud Storage Cloud Server Security

Authors: Sri Nagesh, Vankamamidi Srinivasa Naresh

1st Edition

6202523689, 978-6202523684

More Books

Students also viewed these Accounting questions

Question

1. define aggression,

Answered: 1 week ago