Managers May Choose to Provide Segment Data Voluntarily Because

question 45

Multiple Choice

Managers may choose to provide segment data voluntarily because:

• A) They want to highlight the companies in the group that are doing well.
• B) Managers generally do not believe that consolidated accounts are meaningful.
• C) The segment information will demonstrate more accurately where they have done well and where they have done badly.
• D) It demonstrates a greater level of accountability that may attract investment funds.

Calculate consolidated inventory and the impact of intercompany transactions.

Calculate and understand the treatment of goodwill, including impairment losses, in consolidated accounts.

Understand the adjustments required for non-controlling interest (NCI) in consolidated financial statements.

Calculate the adjustments needed for unrealized profits from intercompany transactions.

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