Nigel Corp

question 115

Multiple Choice

Nigel Corp. had six different operating segments reporting the following operating profit and loss figures: Which one of the following statements is true?

• A) Segment A is a reportable segment based on this test.
• B) Segment B is a reportable segment based on this test.
• C) Segment E is a reportable segment based on this test.
• D) Segment C is not a reportable segment based on this test.
• E) Segment D is a reportable segment based on this test.

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Definitions:

ASPE

Accounting Standards for Private Enterprises; a set of accounting standards for private companies in Canada, focusing on simplicity and cost-effectiveness.

Accounts Receivable

Accounts receivable represents money owed to a company by customers for products or services delivered but not yet paid for.

Operating Activities

Activities that relate to a company’s primary business operations, including revenue and expense transactions affecting net income.

Interest

The cost of borrowing money, typically expressed as an annual percentage of the principal loan amount.