Which of the Following Is Not a Limitation on the Number

question 40

Multiple Choice

Which of the following is not a limitation on the number of reportable segments?

• A)​Consistency, i.e., the number of reportable segments this period, must be the same as last period.
• B)​Usually the number of segments should not exceed 10.
• C)​At least 75% of the combined revenue of sales to unaffiliated firms should be traceable to reportable segments.
• D)​None of the above is a limitation.

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Definitions:

Tort Law

Tort law governs the legal process for civil wrongs, where a person's actions unintentionally cause harm or loss to another, leading to legal liability.

Compensate

To provide something, often financial remuneration, in exchange for something lost, damaged, or spent; to make amends or give an equivalent.

Criminal Offenders

Individuals who have been convicted or are accused of committing a crime against laws established by society or the state.

Public Figure

An individual who is widely recognized by the public, often due to their role in public or social activities, making them subject to increased scrutiny by the media.