Which of the Following Must Be Disclosed by a Geographic

question 70

Multiple Choice

Which of the following must be disclosed by a geographic segment according U.S. GAAP?

• A) Operating profit or loss.
• B) Gross profit.
• C) Total assets.
• D) Revenues from external customers.
• E) Revenues from internal customers.

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Definitions:

Absolute Advantage

A condition where a country, individual, or company can produce a good or service at a lower cost in terms of labor and resources than competitors.

Comparative Advantage

An economic theory stating that in order to gain from trade, countries should specialize in producing goods for which they have a lower opportunity cost.

Computers

Electronic devices capable of processing, storing, and retrieving data, widely used for work, education, and entertainment.

Roses

Flowering plants known for their beauty and fragrance, often cultivated for decorative purposes and their symbolic significance in various cultures.