Question
Which of the following statements is false concerning the number of operating segments that should be disclosed? a. At least 75% of total company sales
Which of the following statements is false concerning the number of operating segments that should be disclosed? a. At least 75% of total company sales made to outsiders should be presented. b. Even though an operating segment has been reportable in the past and is of continuing significance, it must meet at least one of the three reporting tests to report separately in the current year. c. If the 75% rule is not met by the results of applying all three reporting tests, additional segments must be disclosed separately despite their failure to satisfy even one of the three quantitative thresholds. d. If an operating segment qualifies for comparative purposes must be restated to reflect the newly reportable segment as a separate segment. e. The particle limit to the number of operating segment is 10.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started