All of the Following Statements Regarding a Business Segment Are

question 36

Multiple Choice

All of the following statements regarding a business segment are true except:

• A)A business segment is a part of a company's operations that serves a particular product line.
• B)A segment has assets,liabilities,and financial results of operations that can be distinguished from those of other parts of the company.
• C)A company's gain or loss from selling or closing down a segment is reported separately.
• D)The income tax effects of a discontinued segment are combined with income tax from continuing operations.
• E)A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.

---

Definitions:

Cultural Experiences

Interactions, practices, and activities that person has which are shaped by and contribute to the customs, beliefs, and values of a particular society.

Intimacy Vs. Isolation

A stage in Erik Erikson's psychosocial development theory where young adults face the challenge of forming close relationships with others versus feeling isolated and alone.

Family Cycle

The series of stages through which a family passes over time, from marriage to the raising of children and onward.

Adolescence

The transitional stage of physical and psychological development that generally occurs during the period from puberty to legal adulthood.