Liza, Kelsey and Josh Are the Three Operating Segments of Young

question 9

Multiple Choice

Liza, Kelsey and Josh are the three operating segments of Young Company. Which of the following statements is correct based on the information provided below? $\begin{array}{|l|r|r|r|r|r|r|}\hline \text { In } \$ 000 &{\text { Liza }} & \text { Kelsey } &{\text { Josh }} & \begin{array}{r}\text { Total } \\\text { operating } \\\text { segments }\end{array} & \begin{array}{c}\text { Other } \\\text { business } \\\text { units }\end{array} &{\begin{array}{c}\text { Total } \\\text { Young } \\\text { Company }\end{array}} \\\hline \text { Revenue } & 375 & 230 & 510 & 1115 & 395 & 1510 \\\hline \text { Profit/loss } & 200 & 130 & 285 & 615 & 160 & 775 \\\hline \text { Assets } & 455 & 315 & 850 & 1620 & 410 & 2030 \\\hline\end{array}$

• A) Liza, Kelsey and Josh are reportable segments of Young Company.
• B) Only Kelsey and Josh should be disclosed as reportable segments.
• C) Kelsey is not a reportable segment as it does not satisfy the profit/loss quantitative threshold.
• D) Young Company needs to identify another reportable segment from 'other business units' component.

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Definitions:

Violent Pretend Play

Imaginative play that involves themes of conflict, aggression, or use of force, often reflective of children’s exploration of power and morality.

Empathy

The ability to understand and share the feelings of another, fostering a sense of compassion and connection.

Antisocial Behavior

Actions that harm or lack consideration for the well-being of others, often violating social norms and laws.

Elaborate Pretend Play

A complex form of pretend play in which children create and act out scenarios, often involving role-play and imaginative use of objects.