Question: An operating segment the company considers important does not meet any of the 10% quantitative thresholds. Which of the following is not correct consistent with

An operating segment the company considers important does not meet any of the 10% quantitative thresholds. Which of the following is not correct consistent with GAAP? The company: Multiple Choice

may report on the segment if the information meets the objective of the standard.

must not report separate information on that segment.

may further aggregate operating segments if the majority of aggregative criteria are met.

should consider whether reported segments represent at least 75% of total revenue.

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!

An operating segment the company considers important does not meet any of the 10% quantitative thresholds. Which of the following is not correct consistent with GAAP? The company: Multiple Choice...

An operating segment the company considers important does not meet any of the 10% quantitative thresholds. Which of the following is not correct consistent with GAAP? The company: I know it's...

An opergeng segulat the company considens important does not meet any of the 1 0 % quantitative thresholds. Which of the following is not correct consistent with GAAP? The company: Multiple Choice...

What are the basic segment reporting requirements under US GAAP, and would you say they favor those stakeholders who prefer more or who prefer less disclosure? Reference: Please use Segment reporting...

Hello, having trouble putting my PROJECT 1 assignment together and need assistance with creating an outline. I have attached the PROJECT 1 assignement and another document for this inquiry. Thanks...

This writing assignment is very complicated and needvery professional knowledge of accounting so PLEASE READ ATTACHMANNTS CAREFULLY AND FOLLOWING THE INSTRUCTIONS. Thank you. Acc 402 Writing...

2.Excel Ratio File spreadsheet: Using the SEC Financial Statements Ratios and Calculations, prepare a ratio analysis of your SEC corporation's current and prior year's financial statements. In...

Figure P36.40 shows a thin glass (n = 1.50) converging lens for which the radii of curvature are R1 = 15.0 cm and R2 = -12.0 cm. To the left of the lens is a cube having a face area of 100 cm2. The...

Pural Co. is considering the purchase of a new machine for $900,000 and the installation cost would be $100,000. For the coming 5 years, sales will be $840,000 per year and annual operating costs...

Co - borrowing is a possible answer when the primary borrower Group of answer choices has an extremely high qualifying housing ratio has had a bankruptcy in the past year none of the answer choices...

Explain the key components of interpersonal communication in the workplace . how dofactors such as active listening , empathy and conflict resolution influence effective communication and...

This was a conflict between professional and creative people (the WGA) and TV and movie producers. Do you think the conflict was therefore different in any way than are the conflicts between, say,...

MyManagementLab onlycomprehensive writing assignment for this chapter.

Do you agree that employees who excel in nonunion environments earn more than they would in unionized companies? Why?