Multiple Choice
_____ An entity that operates in several industries has (a) external sales of $40,000,000, (b) intrasegment sales of $3,000,000, and (c) intersegment sales of $7,000,000. In performing the 75% test, the 75% is applied to
A) $3,000,000
B) $40,000,000
C) $43,000,000
D) $47,000,000
E) $50,000,000
Correct Answer:
Verified
Correct Answer:
Verified
Q36: Segment reporting applies to not-for-profit entities.
Q37: _ Punex has three operating segments and
Q38: _ To qualify as a reportable segment
Q39: Reporting segment cash flows is prohibited.
Q40: Before aggregation of segments can occur, the
Q42: _ Pinex has three operating segments and
Q43: All reportable segments are operating segments but
Q44: Segment reporting is required of publicly owned
Q45: _ Which of the following items is
Q46: Reporting segment liabilities is optional.