F.A 1.Kaycee Corporation's revenues for the year ended December 31, 2004, were as follows: Kaycee has a reportable segment if that segment's revenues exceed: A) $9,000. B) $12,000. C) $60,000. D) $72,000. E) $63,000. 2Assuming that each of the items below i s significant (constitutes more than ten percent of the appropriate total), a company would not have to disclose under ASC Topic 280: A) types of products and services from which each operating segment derives its revenues. B) factors used to identify operating segments. C) revenues from external customers. D) income tax expense or benefit. E) the identity of a major customer who accounts for thirty percent of all sales. 3ASC Topic 280 requires a co mpany to disclose the following information for each reportable operating segment, except for: A) revenues. B) gross profit. C) total segment assets. D) expenditures for additions to long-lived assets. E) income tax expense or benefit. 4All of the following items of information are required to be included in interim reports for each operating segment, except for: A) revenues from external customers. B) intersegment revenues. C) revenues from internal customers. D) segment profit or loss. E) total assets, if there has been a material change from the last annual report. 5Which one of the following is a test for identifying operating segments for which separate disclosure is required? A) asset test B) liability test C) expense test D) gross profit test E) equity test 6Reed Inc. has three operating segments with the following information: Using the revenue test, what is the minimum amount of revenue that a segment must have and still be considered significant? A) $955,000 B) $1,142,500 C) $1,065,000 D) $1,155,300 E) $3,650,000
