Segment Reporting

Question 1

A reportable operating segment is one having % of all revenue

Answer 1

A reportable operating segment is one having 10% of all revenue, including revenue from unaffiliated sales and from intersegment sales

Question 2

What is the minimum amount of revenue that each of these operating segments must have to be considered a reportable segment?

Answer 2

The rule is combined revenue from both sales to outsiders and intersegment sales. REMEMBER: The overall corporate headquarters is ignored.