The reported identifiable assets of a reportable segment exclude which of the following?
A) Segment patents
B) Segment receivables
C) Portion the segment uses of corporate assets used by all segments
D) Allowance for doubtful accounts on segment receivables

Question

Quizplus · Accepted Answer

The reported identifiable assets of a reportable segment should only include the assets that are used exclusively by that segment. Therefore, the portion of the segment uses of corporate assets used by all segments should be excluded. Segment patents and segment receivables are specific to the segment and should be included in the identifiable assets. The allowance for doubtful accounts on segment receivables is a contra asset account and does not affect the total amount of identifiable assets.

The Reported Identifiable Assets of a Reportable Segment Exclude Which