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

According to the table provided, the company has assets located in the U.S., Mexico, and Canada, which are all significant enough to meet the reporting threshold. Therefore, the U.S., Mexico, and Canada divisions would be reportable geographic divisions. The "other" category might not be significant enough to meet the reporting threshold, but it is not specified in the table.

The Following Table Is Provided in the Disclosures for Interim