The sum of reportable segment sales must be a least equal to what percent of total company sales?
A) 100%
B) 75%
C) 50%
D) 65%

Question

Quizplus · Accepted Answer

The sum of reportable segment sales must be at least equal to 75% of total company sales, according to the common accounting and financial reporting standards. This threshold ensures that the financial statements provide a clear view of the company's major sources of revenue and financial activities.

The Sum of Reportable Segment Sales Must Be a Least