The Alfred Company Has Operations in Several International RegionsWhich of These Segments Are Reportable? Fully Document All Supporting

Question

Examlex · Accepted Answer

The Answer is Revenue test
Threshold $12,800 × 10% = $1,280

ext { Reportable segments } \quad A , B , D , E

Profits test
Threshold $1,100 × 10% = $110

ext { Reportable segments } \quad ext { A, E, C, D }

Assets test
Threshold $29,800 × 10% = $2,980

ext { Reportable segments } \quad A , B , D

Therefore, all segments must be reported separately as each segment qualifies under one or more of the threshold tests.

The Alfred Company Has Operations in Several International Regions Which of These Segments Are Reportable? Fully Document All Supporting