Question: An operating segment is a reportable segment if [3 points) its operating profit is 10% or more of the combined operating profit of profitable segments.

An operating segment is a reportable segment if [3 points) its operating profit is 10% or more of the combined operating profit of profitable segments. the absolute amount of its operating profit or loss is 10% or more of the company's combined operating profit or loss. its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss. None of these answers are correct

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

1 (2 points) Which of the following is not treated as a change in accounting principle? A) A change from LIFO to FIFO for inventory valuation B) A change to a different method of depreciation for...

II. SELECT THE BEST ANSWER (60 points) 1. Generally accepted accounting principles require that certain lease agreements be accounted for its purchases. The theoretical basis for this treatment is...

According to IFRS, an operating segment is a reportable segment if the absolute amount of its reported profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined reported...

According to IFRS, an operating segment is a reportable segment if a. its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss. b. its operating...

According to IFRS, an operating segment is a reportable segment if a. the absolute amount of its operating profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined...

is it a or c? According to IFRS, an operating segment is a reportable segment if the absolute amount of its operating profit or loss is 10% or more of the greater, in absolute amount, of (a) the...

An operating segment is a reportable segment if. PLEASE EXPLAIN WHY!!!! a. its operating profit is 10% or more of the combined operating profit of profitable segments. b. its operating loss is 10% or...

An operating segment is a reportable segment if its operating profit is 10% or more of the combined operating profit of profitable segments. its operating loss is 10% or more of the combined...

1.Which statement is correct?* a. A member of BOA must be duly registered CPA with at least 10 years of work experience in the practice of public accountancy b. The Financial Reporting Standards...

You are employed in a firm of chartered accountants. You have been presented with the following information that has been extracted from the files of three clients of your firm: Beta Plc. On 1 April...

Use Lagrange interpolation to construct an approximation to 1 -1 f(x) dx with nodes at x = 1, -1/2 1/2 and 1.

How many years will it take for $ 5 1 0 to grow to $ 1 , 0 9 8 . 8 6 if it's invested at 5 percent compounded annually? The number of years it will take for $ 5 1 0 to grow to $ 1 , 0 9 8 . 8 6 at 5...

The following table lists the components needed to assemble an end item, lead times ( in weeks ) , and quantities on hand. \ table [ [ Item , Lead Time, \ table [ [ Amount ] , [ on Hand ] ] , Direct...

1. Is an office romance likely to affect the productivity of the two workers involved? Is it likely to affect the people who work with them?

3. Can you think of a situation where employment of married couples would create problems for a firm? Explain your answer.

b. Did you suppress any of your anger? Explain.