Which of the Following Is Not a Requirement for a Business

question 50

Multiple Choice

Which of the following is not a requirement for a business component to be considered an Operating Segment under current Canadian GAAP?

• A) Discrete financial information must be available.
• B) Operating results are regularly reviewed by the enterprise's Chief Operating Decision Maker to make decisions about resources to be allocated to the segment and assess its performance.
• C) The reportable income or loss must be at least 10% of the combined profit or loss for the combined entity.
• D) It engages in business activities from which it may earn revenues and incur expenses.

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Definitions:

Distractibility

A common inability to maintain attention or focus on the task at hand due to being easily pulled away by other stimuli.

Generalized Anxiety Disorder

is a mental health disorder characterized by persistent and excessive worry about various aspects of life, not limited to one specific issue.

Constantly "On Edge"

This term describes a state of being continually anxious, tense, or irritable.

Apprehensive

Feeling anxious or fearful about the future; uneasy.