Additional segments must be identified as reportable segments until at least:
A) 75% of total entity revenue is included in reportable segments;
B) 75% of total entity assets are included in reportable segments;
C) 75% of total entity liabilities are included in reportable segments;
D) 75% of total entity equity is included in reportable segments.

Question

Quizplus · Accepted Answer

The correct answer is A) 75% of total entity revenue is included in reportable segments. This is a requirement under financial reporting standards to ensure that the segments disclosed in financial reports represent a substantial portion of the entity's operations, providing a clear view of the entity's performance.

Additional Segments Must Be Identified as Reportable Segments Until at Least