Segment Flashcards by James Boyd

Q

Operating Segments Must have

A

A) Discrete Financial Info

B) Earn Revenues & Incur Expenses

C) Reviewed by the COO

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Q

Reporting of Segment

A

Required by Public Companies

Optional for Private Companies

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Q

Segment required disclosures

A

Over 10% Revenue generated to single customer

Sales to external customer

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Q

Allocation of Expenses should be reported

A

in the same manner as used internally

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