An Operating Segment Is a Reportable Segment If

question 57

Multiple Choice

An operating segment is a reportable segment if

• A)its operating profit is 10% or more of the combined operating profit of profitable segments.
• B)its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss.
• C)the absolute amount of its operating profit or loss is 10% or more of the company's combined operating profit or loss.
• D)none of these answer choices are correct.

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Definitions:

Dairy Industry

A sector of agriculture involved in the production, processing, and distribution of milk and milk products.

Trade Ideas

The exchange of trading theories, strategies, or advice between individuals or entities, often to improve investment and economic outcomes.

Investment Capital

Funds allocated by individuals or institutions toward start-ups, business expansions, or other projects expected to yield profit.

Patents

Legal documents granting exclusive rights to inventors for the protection of their inventions.