GAAP Mandates Certain Segment Information Disclosures

question 19

Essay

GAAP mandates certain segment information disclosures.Describe the procedure a company would follow in determining whether an operating segment is reportable.

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Definitions:

Dewpoint

The temperature at which air must be cooled, at constant pressure and water vapor content, for it to reach saturation and produce dew.

Linear Regression

A statistical method used to model the relationship between a dependent variable and one or more independent variables by fitting a linear equation to observed data.

Least-square Regression

Rephrasing of KT-14; Refers to the method used to find the line that minimizes the sum of the squares of the differences between observed and predicted values.

Vector-borne Disease

Infectious diseases transmitted by vectors, such as mosquitoes, ticks, and fleas, that spread pathogens between humans or from animals to humans.