Which of the Following Disclosures Is Required by U

question 51

Multiple Choice

Which of the following disclosures is required by U.S.GAAP in addition to separate reporting for operating segments?

• A)Operating income for each country in which a material amount of revenue is derived
• B)Additions to long-lived assets where such assets are hard to be readily removed
• C)Revenues and long-lived assets for each country that constitutes 10% of more of the combined revenues or assets
• D)Operating income adjusted for inflation for each country where it has significant operations

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Definitions:

Manufacturing Activity

The process of converting raw materials into finished goods through various operations such as assembling, machining, or processing.

Materials

The substances or components used in the manufacturing of products or provision of services.

Assembly Department

This refers to the section of a manufacturing facility where products are assembled from individual parts or components.

Weighted-Average Method

A costing method that assigns costs to inventory based on the average cost of all similar items in the inventory.