All of the Following Statements Regarding a Business Segment Are

question 62

Multiple Choice

All of the following statements regarding a business segment are true except:

• A)A business segment is a part of a company's operations that serves a particular product line.
• B)A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company.
• C)A company's gain or loss from selling or closing down a segment is reported separately.
• D)A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are combined and reported.
• E)A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.

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Definitions:

Exclusive Easement

A property right that grants the holder the exclusive use of a portion of another's real property for a specified purpose.

Trespass

An unlawful act of entering or remaining on someone's property without permission, sometimes extending to interference with a person’s rights.

Delegable

Relates to tasks or authority that can be transferred or assigned to someone else.

Authority

The rightful power or permission to act, make decisions, or enforce obedience.