The following table is provided in the disclosures for interim reporting by Bigg Company, regarding the location of their assets. Based on the table, which of the following statements is true?
A) Only the U.S. and Mexico divisions would be reportable geographic divisions.
B) The U.S., Mexico and Canada divisions would be reportable geographic divisions.
C) All geographic divisions would be reportable, except for "other."
D) All geographic divisions would be reportable.

Question

The following table is provided in the disclosures for interim reporting by Bigg Company, regarding the location of their assets.  Based on the table, which of the following statements is true?
A) Only the U.S. and Mexico divisions would be reportable geographic divisions. 
B) The U.S., Mexico and Canada divisions would be reportable geographic divisions. 
C) All geographic divisions would be reportable, except for "other." 
D) All geographic divisions would be reportable.

Quizplus · Accepted Answer

According to the table, the U.S., Mexico, and Canada divisions have assets exceeding 10% of the total assets of all geographic divisions, making them reportable geographic divisions. The "other" division, however, does not meet this criteria and is not a reportable division. Therefore, option B is correct.

The Following Table Is Provided in the Disclosures for Interim