4 Financial Statement Disclosure

Question 1

For an operating segment to be reportable it must meet one or more of which quantitative threshholds?

Answer 1

1. is at least 10% of the combined revenue (external and internal)
2. is at least 10% of the combined assets of all operating segments
3. is at least 10% of profit or loss of the greater in absolute amount of the combined reported profit of all operating segments that did not report a loss or the combined reported loss of all operating segments that did report a loss.