Huey, Dewey and Louie Are the Three Operating Segments of Donald

question 7

Multiple Choice

Huey, Dewey and Louie are the three operating segments of Donald Company. Which of the following statements is correct based on the information provided below?

• A) Huey, Dewey and Louie are reportable segments of Donald Company.
• B) Only Dewey and Louie should be disclosed as reportable segments.
• C) Dewey is not a reportable segment as it does not satisfy the profit/loss quantitative threshold.
• D) Donald Company needs to identify another reportable segment from 'other business units' component.