Question
Which of the following statements is false concerning the number of operating segments that should be disclosed? A. The practical limit to the number of
Which of the following statements is false concerning the number of operating segments that should be disclosed?
| A. | The practical limit to the number of operating segments is 10. | |
| B. | If an operating segment qualifies for disclosure in the current year, prior period segment data presented for comparative purposes must be restated to reflect the newly reportable segment as a separate segment. | |
| C. | If the 75 percent 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. | 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. |
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Curriculum Auditing
Authors: Fenwick W. English
1st Edition
0877625921, 978-0877625926
