At least 75% of an organization's consolidated external revenues are disclosed by separate operating segments. The remaining segments do not meet any of the reportable segment thresholds. Which of the following is true about the remaining segments?
A)They must still be reported as separate segments.
B)They can be combined only if they have similar economic characteristics.
C)They can be combined only if the segments are horizontally or vertically integrated.
D)They can be combined and classified as "other."

Question

Quizplus · Accepted Answer

The remaining segments that do not meet any of the reportable segment thresholds can be combined and classified as "other." This is in accordance with the guidance provided by International Financial Reporting Standards (IFRS) and Generally Accepted Accounting Principles (GAAP). However, it is important to disclose the nature of these segments and the basis on which they have been combined.

At Least 75% of an Organization's Consolidated External Revenues Are