In Addition to Requiring Separate Reporting for Operating Segments,U

question 47

Multiple Choice

In addition to requiring separate reporting for operating segments,U.S.GAAP requires companies to report:

• A)operating income for each country in which a material amount of revenue is derived.
• B)revenues from external customers and long-lived assets for all foreign countries where it has assets or derives revenue.
• 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.