Which tests must a company use to determine which operating segments require separate disclosure?
A) Revenue test and asset test.
B) Revenue test, profit or loss test, and asset test.
C) Revenue test and profit or loss test.
D) Profit or loss test and asset test.
E) Revenue test, asset test, and liability test.

Question

Quizplus · Accepted Answer

A company must use the revenue test, profit or loss test, and asset test to determine which operating segments require separate disclosure according to the guidelines for segment reporting.

Which Tests Must a Company Use to Determine Which Operating