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MMLU / Swift Co. has identified three operating segments that may require separate…

Problem

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question

Swift Co. has identified three operating segments that may require separate disclosure in Swift's general purpose financial statements for the year ended December 31 year 2. Information for year 2 follows: Segment (in thousands) A B C Total Reported revenue 42 42 121 14 14 177 Reported profit(loss) 12 12 65 (3) (3) 74 Assets 470 470 800 80 80 1350 Which of Swift's segments are required to be separately disclosed in its December 31 year 2 financial statements?
Plain-text mathematical notation (without MathML)
Swift Co. has identified three operating segments that may require separate disclosure in Swift's general purpose financial statements for the year ended December 31 year 2. Information for year 2 follows: Segment (in thousands) A B C Total Reported revenue 42 121 14 177 Reported profit(loss) 12 65 (3) 74 Assets 470 800 80 1350 Which of Swift's segments are required to be separately disclosed in its December 31 year 2 financial statements?
Original LaTeX notation
Swift Co. has identified three operating segments that may require separate disclosure in Swift's general purpose financial statements for the year ended December 31 year 2. Information for year 2 follows: Segment (in thousands) A B C Total Reported revenue $ 42 $ 121 $ 14 $ 177 Reported profit(loss) $ 12 $ 65 $ (3) $ 74 Assets $ 470 $ 800 $ 80 $ 1350 Which of Swift's segments are required to be separately disclosed in its December 31 year 2 financial statements?

choices

  1. A and B only.
  2. A and C only.
  3. B and C only.
  4. A B and C.

subject

professional_accounting

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