Widget Corp

question 7

Multiple Choice

Widget Corp., a multinational technology company based in Zaneland, issues a bond for its investors who live in Belwick in the currency of Belwick. This type of bond is known as a(n) _____.

• A) transnational bond
• B) domestic bond
• C) foreign bond
• D) eurobond

---

Definitions:

Reportable

Refers to information or events that must be disclosed or reported to regulatory authorities or in financial statements according to legal or regulatory requirements.

U.S. GAAP

The Generally Accepted Accounting Principles in the United States, a set of accounting rules and standards used for financial reporting.

Major Customer

A client who contributes a significant portion of a company's revenue, often crucial to the company's financial health.

Operating Segments

Components of a business for which separate financial information is available and regularly evaluated by the company's decision-makers in deciding how to allocate resources and assess performance.