Multiple Choice
In determining whether a segment should be reported, a profit and loss test can be used.The test selects segments for reporting by:
A) only including profitable segments.
B) comparing the absolute value of a segment's profit or loss to 10% of all segments cumulative profit or cumulative loss, whichever is higher.
C) comparing the absolute value of a segment's profit or loss to 10% of all segments combined profits and losses.
D) comparing the profit or loss of a segment to 10% of all segment external revenue.
Correct Answer:

Verified
Correct Answer:
Verified
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