Question: A central issue in reporting on industry segments of a business enterprise is the determination of which segments are reportable. Required: a. What is a

A central issue in reporting on industry segments of a business enterprise is the determination of which segments are reportable.

Required:
a. What is a reportable segment?
b. Explain how a preparer would determine which operating segments to report segment information for.
c. What types of segment information must be reported?

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a Under FASB ASC 280t here are three basic tests to be applied to segments of an industry to see if they are significant enough to be separately reportable If a segment meets any one of the tests it i... View full answer

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