Which of the following is not a quantitative threshold for defining a segment’s materiality? Segment assets are 10% or more of the combined assets of all operating segments. The segment absolute value of its profit or loss is 10% or more of the greater of (1) the combined reported profit of all operating segments that reported a profit or (2) the absolute value of the combined reported loss of all operating segments that reported a loss. Segment reported revenue, including intersegment revenues, is 10% or more of the combined revenue of all operating segments. Segment residual profit after the cost of equity is 10% or more of the combined residual profit of all operating segments.

Which of the following is not a quantitative threshold for defining a segment’s materiality? Segment assets are 10% or more of the combined assets of all operating segments. The segment absolute value of its profit or loss is 10% or more of the greater of (1) the combined reported profit of all operating segments that reported a profit or (2) the absolute value of the combined reported loss of all operating segments that reported a loss. Segment reported revenue, including intersegment revenues, is 10% or more of the combined revenue of all operating segments. Segment residual profit after the cost of equity is 10% or more of the combined residual profit of all operating segments.

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter5: Accounting Systems

Section: Chapter Questions

Problem 27E

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Which of the following is a criterion for determining whether an operating segment is separately reportable?a. Segment liabilities are 10 percent or more of consolidated liabilities.b. Segment profit or loss is 10 percent or more of consolidated net income.c. Segment assets are 10 percent or more of combined segment assets.d. Segment revenues from external sales are 5 percent or more of combined segment revenues from external sales.
Choose the correct. Which of the following is a criterion for determining whether an operating segment is separately reportable?a. Segment liabilities are 10 percent or more of consolidated liabilities.b. Segment profit or loss is 10 percent or more of consolidated net income.c. Segment assets are 10 percent or more of combined segment assets.d. Segment revenues from external sales are 5 percent or more of combined segment revenues from external sales.
According to IFRS, an operating segment is a reportable segment if a.the absolute amount of its reported profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined reported operating profit of all operating segments that did not incur a loss, or (b) the combined reported loss of all operating segments that did report a loss. b.the absolute amount of its operating profit or loss is 10% or more of the greater, in absolute amount, of (a) the combined reported operating profit of all operating segments that incurred a loss, of (b) the combined reported profit of all operating segments that did report a profit. c. its operating loss is 10% or more of the combined operating losses of segments that incurred an operating loss. d. its operating profit is 10% or more of the combined operating profit of profitable segments only.
An operating segment under IFRS is identified as a reportable segment if a.its revenue is greater than 10% of the combined revenue of all the company's operating segments. b. its identifiable assets are greater than 10% of the combined assets of all operating segments. c. the absolute amount of its profit (loss) is 10% or more of the greater in absolute amount, of the combined operating segments' profit, or of the combined operating segments' loss. d. any of the above options are satisfied.
An entity shall report information about an operating segment that meets any of the following quantitative thresholds except. Choices; The segment revenue, including both sales to external customers and intersegment sales or transfers, is 10% or more of combined revenue, internal and external, of all operating segments. The assets of the segment are 10% or more of the combined assets of all operating segments. The absolute amount of profit or loss of the segment is 10% or more of the greater in absolute amount of combined profit of all operating segments that reported a profit. The absolute amount of profit or loss of the segment is 10% or more of the greater in absolute amount of combined loss of all operating segments.
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