Which of the Following Is Not a Segment Asset of an Operating

question 33

Multiple Choice

Which of the following is not a segment asset of an operating segment?

• A)Assets used jointly by more than one segment.
• B)Assets directly associated with a segment.
• C)Assets maintained for general corporate purposes.
• D)Assets used exclusively by a segment.

---

Definitions:

Market Risk

The risk that the value of a financial instrument will fluctuate because of changes in foreign exchange rates, market interest rates or some other market prices.

Credit Risk

The risk of loss due to a borrower's failure to make payments on any type of debt.

Liquidity Risk

The risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities.

Derecognition

The process of removing an asset or liability from a company's balance sheet because it has been disposed of or is no longer expected to provide future economic benefits.