Which of the Following Disclosures Is Not Required to Be

question 16

Multiple Choice

Which of the following disclosures is not required to be presented for a firm's reportable segments?

• A)Information about segment assets
• B)Information about the bases for measurement
• C)Reconciliation of segment amounts and consolidated amounts for revenue, profit or loss, assets, and other significant items.
• D)All of these must be presented.

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Definitions:

Current Liabilities

Financial obligations or debts that a company is expected to pay within one year or within its normal operating cycle, whichever is longer, including accounts payable, short-term loans, and accrued expenses.

Operating Activities

Business activities related directly to the production, sale, and delivery of a company's products and services, generating the primary revenue streams.

Income Statement

A financial statement that reports a company's financial performance over a specific period, detailing revenues, expenses, and profits or losses.

Investing Activities

Transactions involving the purchase and sale of long-term assets and investments, reflected in a company's cash flow statement.