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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