A business segment is part of a company that:
A) Requires subsidiary ledgers.
B) Cannot report its results separately.
C) Requires only internal reporting.
D) Requires special journals.
E) Is separately identified by its products, services, or geographic market.

Question

Quizplus · Accepted Answer

A business segment is a part of a company that is separately identified by its products, services, or geographic market. This means that the segment operates independently and its results can be reported separately for decision-making purposes. The other options are not applicable to every business segment.

A Business Segment Is Part of a Company That