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:

Self-reference

Self-reference pertains to the inclusion or consideration of oneself in understanding and relating to concepts or events.

Chunking

A method of organizing or grouping pieces of information together to improve the efficiency of memory recall.

Forgetting

The loss or change of memory over time, which can involve the inability to recall information, experiences, or skills.

Encoding

The first step in memory; the process by which information gets into memory storage.