For an Operating Segment to Be Considered a Reporting Segment

question 29

Multiple Choice

For an operating segment to be considered a reporting segment under the revenue threshold,its reported revenue must be 10% or more of

• A)the combined enterprise revenues,eliminating all relevant intracompany transfers and balances.
• B)the combined revenues,excluding intersegment revenues,of all operating segments.
• C)the combined revenues,including intersegment revenues,of all operating segments.
• D)the consolidated revenue of all operating segments.

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Definitions:

Ethnocentrism

The tendency to evaluate other cultures according to the standards and customs of one's own culture, often leading to prejudice against other cultures.

Negative Sanctions

Punishments or penalties applied by a society or a group within a society against its members who violate established norms, laws, or expectations.

Authoritative Body

An organization or institution possessing the power, credibility, and legitimacy to enforce rules, make decisions, and govern within a specific domain or sector.

Formal Institution

An establishment founded on established laws and organized principles, playing a critical role in society, such as governmental bodies, educational institutions, and corporations.