A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the
A) Combined net income of all segments reporting profits
B) Total combined revenues of all segments reporting profits.
C) Total revenues of all the enterprise's industry segments.
D) Total export and foreign sales. .

Question

Quizplus · Accepted Answer

According to GAAP (Generally Accepted Accounting Principles), a segment should be reported separately when its revenues are 10% or more of the total revenues of all the enterprise's industry segments.

A Segment of a Business Enterprise Is to Be Reported