Julian Wants to Open a Bakery

question 93

Multiple Choice

Julian wants to open a bakery. He uses his savings and borrows some funds from his family to start his business. In the given scenario, Julian uses _____ to fund his business.

• A) venture capital
• B) crowdfunding
• C) commercial loans
• D) personal resources

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Definitions:

Reportable Segment

A part of an entity with distinguishable activities for which financial information is available and reviewed regularly by the entity’s decision makers.

Combined

The process of merging multiple sets of financial information, typically from different companies or segments, to produce a consolidated set of financial statements or reports.

Management Approach

A method used in accounting where managers use their judgment to determine key financial reporting information, particularly for segment reporting.

Reportable Segments

Components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.