For purposes of goodwill impairment evaluation, which of the following is not a characteristic of an operating segment of a public entity as defined in the Codification?
A) It engages in business activities from which it may earn revenues and incur expenses.
B) The segment has produced net profits for at least three of the last five operating cycles.
C) The entity's chief decision maker regularly reviews the performance of the segment.
D) The segment's discrete financial information is available.

Question

Quizplus · Accepted Answer

The requirement for an operating segment is not based on its profitability but rather on its business activities, review by the chief decision maker, and availability of discrete financial information.

For Purposes of Goodwill Impairment Evaluation, Which of the Following