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.

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Definitions:

Coronary Artery Bypass Graft

A surgical procedure used to treat coronary artery disease by bypassing blocked arteries to improve blood flow to the heart muscle.

Systolic

Referring to the phase of the heartbeat when the heart muscle contracts and pumps blood from the chambers into the arteries.

Diastolic

Pertaining to the phase of the heartbeat when the heart muscle relaxes and allows the chambers to fill with blood.

Ventricular Muscle

The muscle tissue that makes up the walls of the ventricles in the heart, responsible for pumping blood through the body.