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.

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Definitions:

Revenue Recognition

The accounting principle that dictates the specific conditions under which income becomes recognized as revenue in the financial statements.

Secondary Characteristics

Refers to the additional properties or features of a financial instrument, entity, or market mechanism that support its primary functions.

Accounting Information

Data related to the financial transactions and status of an organization, used for analysis, decision making, and financial reporting.

Representational Faithfulness

A concept in accounting that assets and transactions are recorded and reported in a manner that accurately reflects economic reality.