Segment Return on Assets Is Calculated by Dividing Segment Average

question 153

True/False

Segment return on assets is calculated by dividing segment average assets by segment operating income.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the U.S. to govern financial reporting and ensure consistency.

Accounting Standards

Rules and guidelines used in the preparation and presentation of financial statements to ensure accuracy, completeness, and consistency.