The FASB established three tests for identifying operating segments from which separate disclosure is required. 1. A revenue test 2. A profit or loss test 3. An asset test How many of these tests must be satisfied to be considered a significant size to necessitate separate disclosure? · 1 · 2 · 3 · 0
Added by Jose Angel F.
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The tests are designed to identify operating segments that are significant enough to require separate financial disclosure. Show more…
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