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Exam Code: CGEIT

Exam Name: Certified in the Governance of Enterprise IT Exam

Version: V15.35

Q & A: 208 Questions and Answers

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NEW QUESTION: 1
Grum Corp., a publicly-owned corporation, is subject to the requirements for segment reporting. In its income statement for the year ended December 31, 1991, Grum reported revenues of $50,000,000, operating expenses of $47,000,000, and net income of $3,000,000. Operating expenses include payroll costs of $ 15,000,000. Grum's combined identifiable assets of all industry segments at December 31, 1991, were $40,000,000.
Cott Co.'s four business segments have revenues and identifiable assets expressed as percentages of Cott's total revenues and total assets as follows:

Which of these business segments are deemed to be reportable segments?
A. Ebon, Fair, Gel, and Hak.
B. Ebon, Fair, and Gel only.
C. Ebon and Fair only.
D. Ebon only.
Answer: A

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