A significant industry segment (for segment reporting purposes) is one which meets any of the three criteria relating to

The percent that is used to measure each of these criteria is the same.
Which of the following is the percent used to measure each of these criteria?
A) 1 percent
B) 5 percent
C) 10 percent
D) 15 percent

Question

A significant industry segment (for segment reporting purposes) is one which meets any of the three criteria relating to

The percent that is used to measure each of these criteria is the same.
Which of the following is the percent used to measure each of these criteria?
A) 1 percent 
B) 5 percent 
C) 10 percent 
D) 15 percent

Quizplus · Accepted Answer

The percent used to measure each of the three criteria relating to a significant industry segment is 10 percent. This means that if a particular segment's revenue, profit, or assets are at least 10 percent of the total revenue, profit, or assets of the company, it would be considered a significant industry segment and reported separately.

A Significant Industry Segment (For Segment Reporting Purposes) Is One