Note: This is a Kaplan CPA Review Question
Which of the following characteristics would render the operating unit "reportable"? The operating unit comprises at least:
A) 5 percent of the assets of a company as a whole.
B) 10 percent of the revenues of the company as a whole.
C) 50 percent of the long term debt of the company as a whole.
D) 20 percent of the operating profit of the company as a whole.

Question

Quizplus · Accepted Answer

An operating segment is considered reportable if it meets any of the quantitative thresholds, one of which is having at least 10 percent of the company's total revenues.

Note: This Is a Kaplan CPA Review Question