Segment Reporting

Question 1

Operating Segment

Answer 1

1. generates revs and exp
2. has Chief operating decision maker
3. Provides discrete financial info about its ops performance

Question 2

Tests for which segments are reportable includes:

Answer 2

1. operating rev
2. operating profit
3. identifiable assets

Question 3

Threshold for Tests for which segments are reportable:

Answer 3

greater than or equal to 10% of total for each test segment

Question 4

Cost-benefit constraint

Answer 4

no more than 10 reportable segments need to be disclosed