The following information relates to the Anna Corporation: $\begin{array}{lrrr}\text { Operating } && \text { Segment } \
\text { Segment } & \text { Revenues } & \text { Asssets } &\text { Profit (Loss) }\
\mathrm{A} & \$ 60 & \$ 350 & \$ 3 \
\mathrm{B} & 210 & 1,000 & (10) \
\mathrm{C} & 290 & 2,150 & (50) \
\mathrm{D} & 50 & 700 & 7
\end{array}$ According to the segment reporting requirements under GAAP, which of these segments are considered reportable segments?
A)B and C
B)B and D
C)B, C, and D
D)A, B, C, and D

Question

Quizplus · Accepted Answer

Segments are considered reportable under GAAP if they meet certain quantitative thresholds related to revenue, profit or loss, or assets. Given the information, segments B, C, and D meet these criteria due to their significant revenues, assets, or profit/loss figures, making them of interest to stakeholders for financial reporting.

The Following Information Relates to the Anna Corporation According to the Segment Reporting Requirements Under GAAP, Which of Operating