Practice considers a segment significant if its sales, operating income (or loss), or identifiable assets are 30% or more of the combined amounts of all the company's operating assets.

Question

Quizplus · Accepted Answer

The threshold for a segment to be considered significant is typically 10% or more, not 30%, of the combined amounts of sales, operating income, or identifiable assets.

Practice Considers a Segment Significant If Its Sales, Operating Income