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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