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Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?
Suggested Answer: B
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11 comments · newest first
FE
Felice
12 months ago
Nope, it’s definitely true.
LA
Lanie
12 months ago
False, I thought it was 10% for segments.
MI
Misty
1 year ago
Wait, are you sure about the 80% part? Sounds off.
LU
Luisa
1 year ago
I agree, it’s all about that 15% threshold!
EL
Eladia
1 year ago
True, that's the rule for segment reporting.
KR
Krissy
1 year ago
I thought the statement was false because I remember there being some exceptions or different criteria for certain industries.
GE
Geoffrey
1 year ago
I recall that the 15% figure applies to revenue, profits, and assets, but I can't remember if they all need to be included for the 80% rule.
AL
Alex
1 year ago
I'm not entirely sure, but I feel like the 80% coverage rule is correct. It sounds familiar from practice questions.
CH
Cherry
1 year ago
I think the statement is true because I remember something about the 15% threshold for reporting segments.
PA
Paola
1 year ago
Okay, let me think this through. It's asking about configuring email alerts in PTA, so I'll need to focus on the PTA-specific utilities.
PE
Peggy
1 year ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully. Maybe I should review the material on evidence management again.