Segment Flashcards
1
Q
Operating Segments Must have
A
A) Discrete Financial Info
B) Earn Revenues & Incur Expenses
C) Reviewed by the COO
2
Q
Reporting of Segment
A
Required by Public Companies
Optional for Private Companies
3
Q
Segment required disclosures
A
Over 10% Revenue generated to single customer
Sales to external customer
4
Q
Allocation of Expenses should be reported
A
in the same manner as used internally
