alleryStart learning →A segment below every 10 per cent threshold may still be reported if?
AIt reported a loss
BManagement designates it
CIt was newly formed
DThe auditor insists
Answer & Solution
Correct answer: B. Management designates it
Management has discretion to designate a small segment as reportable despite its size.
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Related questions
Segment result includes interest expense. Segment liabilities then include what?Each business segment must be described by indicating what?A change in how revenues and expenses are allocated to segments leaves what unchanged?A material segment policy change needs nature and what else?On what basis are inter-segment transfers measured?If geography is primary, what is reported for large business segments?With business segments primary, which geographical segments need secondary revenue data?The reconciliation ties segment result to which enterprise item?