An Enterprise Determines That It Must Report Segment Data in Annual

question 51

Multiple Choice

An enterprise determines that it must report segment data in annual reports for the year ended December 31, 2014.Which of the following would not be an acceptable way of reporting segment information?

• A)Within the body of the financial statements, with appropriate explanatory disclosures in the footnotes
• B)Entirely in the footnotes to the financial statements.
• C)As a special report issued separately from the financial statements.
• D)In a separate schedule that is included as an integral part of the financial statements.

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Definitions:

Relative-price Variability

The fluctuation in prices of goods and services relative to each other over time, often influenced by various economic factors.

Misallocation

The inefficient distribution or use of resources, often leading to suboptimal economic outcomes.

Nominal Gain

The increase in the monetary value of an asset or investment without adjusting for inflation, representing a simple difference in price.

Real Gain

The increase in value or profit after adjusting for inflation or other external factors that affect purchasing power.