In 20X6 and 20X7,each of Putney Company's Four Operating Segments

question 1

Multiple Choice

In 20X6 and 20X7,each of Putney Company's four operating segments met one of the three quantitative tests for segment reporting.In 20X8,Segment B failed to qualify under the prescribed tests because of abnormal financial conditions.The other three segments qualified for reporting.For 20X8,Segment B:

• A)should be excluded from segment disclosure but referred to in the management letter to shareholders.
• B)should be distinctly separated from the other three segments and listed as a "nonqualifying" segment.
• C)should be combined with one of the other three segments and reported.
• D)should be included in the segment disclosures at the discretion of management.

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Definitions:

Ethoxymethane

A chemical compound also known as diethyl ether, characterized as a highly volatile and flammable liquid used as a solvent and anesthetic.

Ethoxyethane

Also known as diethyl ether, a highly volatile and flammable organic compound used historically as an anesthetic and a solvent.

Diethyl Ether

A highly volatile, flammable liquid used primarily as a solvent and as an anesthetic historically.

Pentanone

A class of ketones with a five-carbon backbone, including molecules such as pentan-2-one, characterized by their distinct functional group.