In Presenting Segment Information, Which of the Following Items Must $\begin{array}{ccc} & \text { Operating } & \text { Identifiable } \\\text { Revenues } & \text { Profit (Loss) } & \text { Assets }\\\end{array}$

question 42

Short Answer

In presenting segment information, which of the following items must be reconciled to the entity's consolidated financial statements? $\begin{array}{ccc} & \text { Operating } & \text { Identifiable } \\\text { Revenues } & \text { Profit (Loss) } & \text { Assets }\\\end{array}$
A) $\begin{array}{llll}& \text { Yes }&&& & \text { Yes } &&&& \text { Yes } \\\end{array}$
B) $\begin{array}{llll} & \text { No } &&&& \text { Yes } &&&& \text { Yes } \\\end{array}$
C) $\begin{array}{llll} & \text { Yes } &&&& \text { No } &&&& \text { Yes } \\\end{array}$
D) $\begin{array}{llll}& \text { Yes } &&&& \text { Yes } &&&& \text { No }\end{array}$

• A)\(\begin{array}{llll}& \text { Yes }&&& & \text { Yes } &&&& \text { Yes } \\\end{array}\)
• B)\(\begin{array}{llll} & \text { No } &&&& \text { Yes } &&&& \text { Yes } \\\end{array}\)
• C)\(\begin{array}{llll} & \text { Yes } &&&& \text { No } &&&& \text { Yes } \\\end{array}\)
• D)\(\begin{array}{llll}& \text { Yes } &&&& \text { Yes } &&&& \text { No }
• \end{array}\)

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Definitions:

Master Production Schedule

A detailed plan that outlines exactly what is to be produced, in what quantities, and when, serving as a key component in the manufacturing planning process.

Continuous Operations

Business processes or production systems that run 24/7 without interruption, typically found in industries like manufacturing, utilities, and digital services.

Stock-To-Forecast

A strategy or process that involves aligning inventory levels with future sales forecasts to ensure availability of products while minimizing excess inventory.

Master Production Schedule

is a plan for individual commodities to be produced in each time period, including quantity, production start, and end dates.