Zeus Corporation Has Determined That It Has 15 Reportable Operating

question 13

Multiple Choice

Zeus Corporation has determined that it has 15 reportable operating segments.In order to comply with the standard for segment disclosures,Zeus Corporation should do which of the following?

• A)Report 10 reportable segments and disclose the remaining 5 segments as other operating segments.
• B)Report 10 reportable segments by combining the most closely related segments.
• C)Report 15 reportable segments as long as the 75 percent revenue test has been satisfied.
• D)Report 12 reportable segments and show all other operating segments in a column labeled "Other Operating Segments."

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Definitions:

Stock Investments

Financial assets representing ownership in companies, which may yield dividends and have the potential for capital appreciation.

Imports Inventory

Imports inventory refers to goods and materials purchased from other countries for resale or use in production.

Year-End Adjustments

Accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Ownership

The legal right to possess, use, and control a property or an asset.