Operating segments that do not meet any of the quantitative thresholds A. Cannot be considered reportable B. May be considered reportable and separately disclosed if management believes that information about the segment would be useful to the statement user C. May be considered reportable and separately disclosed if the information is for internal use only. D. May be considered reportable and separately disclosed if this is the practice within the economic environment
Operating segments that do not meet any of the quantitative thresholds A. Cannot be considered reportable B. May be considered reportable and separately disclosed if management believes that information about the segment would be useful to the statement user C. May be considered reportable and separately disclosed if the information is for internal use only. D. May be considered reportable and separately disclosed if this is the practice within the economic environment
Auditing: A Risk Based-Approach (MindTap Course List)
11th Edition
ISBN:9781337619455
Author:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Chapter3: Internal Control Over Financial Reporting: Responsibilities Of Management And The External Auditor
Section: Chapter Questions
Problem 36CYBK
Related questions
Question
Operating segments that do not meet any of the quantitative thresholds
A. Cannot be considered reportable
B. May be considered reportable and separately disclosed if management believes that
information about the segment would be useful to the statement user
C. May be considered reportable and separately disclosed if the information is for
internal use only.
D. May be considered reportable and separately disclosed if this is the practice within
the economic environment
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Auditing: A Risk Based-Approach (MindTap Course L…
Accounting
ISBN:
9781337619455
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
Cengage Learning
Auditing: A Risk Based-Approach to Conducting a Q…
Accounting
ISBN:
9781305080577
Author:
Karla M Johnstone, Audrey A. Gramling, Larry E. Rittenberg
Publisher:
South-Western College Pub
Principles of Accounting Volume 1
Accounting
ISBN:
9781947172685
Author:
OpenStax
Publisher:
OpenStax College
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College