Which of the Following Disclosures Is NOT Required to Be

question 24

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:

Cognitive Dissonance

The psychological discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Inoculation

A way of making people resistant to persuasion. By providing them with a diluted counter-argument, they can build up effective refutations to a later, stronger argument.

Reactance

Brehm’s theory that people try to protect their freedom to act. When they perceive that this freedom has been curtailed, they will act to regain it.

Inoculation Effect

A social psychology theory that suggests exposure to a weakened form of an argument increases later resistance to that argument.