What Is the Minimum Amount of Operating Profit or Loss

question 68

Multiple Choice

What is the minimum amount of operating profit or loss an operating segment must have to be considered a reportable segment?

• A) $124,000.
• B) $127,600.
• C) $100,000.
• D) $130,000.
• E) $140,000.

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Definitions:

Characteristics

Attributes, features, or qualities that identify and distinguish individuals, objects, or phenomena.

Continuity/Discontinuity

A fundamental issue concerning the process of development that addresses the extent to which development tends to be continuous, consisting of the gradual accumulation of small changes, and the extent to which it is discontinuous, involving a series of abrupt, radical transformations.

Development

The process of growth or progress, often marked by a series of changes or stages, in the context of individuals, societies, or organisms.

Gradual

describes a process happening in small degrees, steps, or stages over a period, rather than suddenly.