What Is a Segment

question 108

Multiple Choice

What is a segment?

• A)A non-controllable cost
• B)An area of responsibility in decentralized operations
• C)Another name for a cost centre
• D)A division which contains both controllable and non-controllable costs

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Definitions:

Presentation Method

The way financial information is displayed and organized in financial statements or reports.

Financing Activities

Activities that result in changes in the size and composition of the contributed equity and borrowings of the entity.

Statement of Cash Flows

A financial statement that shows how changes in balance sheet accounts and income affect cash and cash equivalents, breaking the analysis down to operating, investing, and financing activities.

Non-Current Liabilities

Liabilities not due for settlement within 12 months after the reporting period, often including long-term loans, bonds payable, and lease obligations.