Which of the Following Is False with Regard to Accounting

question 28

Multiple Choice

Which of the following is false with regard to accounting standards for segment reporting according to International Financial Reporting Standards (IFRS) and U.S. GAAP?

• A) IFRS and U.S. GAAP do not each require disclosure of segment liabilities.
• B) IFRS and U.S. GAAP both require disclosure of intangible assets attributable to geographic segments.
• C) According to IFRS, operating segments can be based on products and services.
• D) According to IFRS, operating segments can be based on geographic areas.
• E) IFRS and U.S. GAAP both require disclosure of total assets.

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Definitions:

Dependent Variables

Variables in an experiment or model that are expected to change in response to changes in the independent variable(s).

Nonlinear

Describes a process or relationship where a change in input does not lead to a proportional change in output, indicating a complex, non-proportional relationship between variables.

Negative Relation

A relationship between two variables where an increase in one variable is associated with a decrease in the other variable.

Time-Series Graph

A graphical representation showing how a variable changes over time.