What is the minimum amount of assets that each of these segments must own to be considered separately reportable?
A) $ 9,450,000.
B) $ 8,624,272.
C) $10,643,000.
D) $12,936,408.
E) $10,413,000.

Question

Quizplus · Accepted Answer

According to FASB ASC 280-10-50-12, segments with total assets greater than or equal to 10% of the combined assets of all operating segments are considered reportable segments. The combined assets of all operating segments are $94,500,000 (from the question), so the minimum amount of assets for a segment to be considered reportable is $9,450,000 (10% of $94,500,000).

What Is the Minimum Amount of Assets That Each of These