The following table is provided in the disclosures for interim reporting by Bigg Company,regarding the location of their assets. Based on the table,which of the following statements is true?
A)Only the U.S.and Mexico divisions would be reportable geographic divisions.
B)The U.S. ,Mexico and Canada divisions would be reportable geographic divisions.
C)All geographic divisions would be reportable,except for "other."
D)All geographic divisions would be reportable.

Question

The following table is provided in the disclosures for interim reporting by Bigg Company,regarding the location of their assets.  Based on the table,which of the following statements is true?
A)Only the U.S.and Mexico divisions would be reportable geographic divisions. 
B)The U.S. ,Mexico and Canada divisions would be reportable geographic divisions. 
C)All geographic divisions would be reportable,except for "other." 
D)All geographic divisions would be reportable.

Quizplus · Accepted Answer

B)Total assets for all divisions = $4,500,000,therefore those divisions with at least $4,500,000 × 10% or $450,000 would be considered reportable geographic divisions.

The Following Table Is Provided in the Disclosures for Interim