Multiple Choice
_____ FAS 131 defines an operating segment as a component of an enterprise that has:
A) Assets that are 10% or more of consolidated assets.
B) Assets that are 10% or more of the combined assets of all segments.
C) Revenues that are 10% or more of consolidated revenues.
D) Revenues that are 10% or more of combined revenues of all segments.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q70: _ Palco has two reportable operating segments.
Q71: Selected data (in millions) for Potax's identified
Q72: Aggregation of segments can occur before or
Q73: Selected data (in millions) for Plodex's identified
Q74: FAS 131 does not require that common
Q76: Entity-wide disclosures pertain to (a) _, (b)
Q77: _ Which of the following mandatory or
Q78: _ Paxco has two reportable operating segments.
Q79: More than one segment may operate in
Q80: Aggregation of segments is allowed of reportable