Question

Chapter 9 Assignment Saved Help Save& Es Sube Which of the following would not be a criterion for identifying a reportable operating segment for segmented reporting purposes? 2 Muiple Choice 2 points Rovenue of the sogment is 10 porcent or more of the total revenues from all segments look Seferenc The segment incurs both revenues end expenses The activities of the segment fel into e dfferent Stotics Canads incusry clesscetion than othor company operetions Discrete financal information is avalable for the segment, which is reviewed by the company's chief operesng decision maker 2 of 20 < Prev Next

Answer 1

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There are 3 tests and if a segment passes any of it then it should be reported. They are:
If its Revenue is more than 10% of total Revenue.
If its profit is more than 10% of total profit.
If its Assets is more than 10% of total Assets.
So answer is option C.
The activities of a segment fall into a different statistics Canada Industry classification other than company operations. This is not a criterion for reporting Segments.