Generally Accepted Accounting Principles Require a U

question 58

Multiple Choice

Generally accepted accounting principles require a U.S.corporation to disclose the following disaggregated information for each operating segment, except:

• A) Revenues from external customers.
• B) Unusual items.
• C) Cost of goods sold.
• D) Depreciation expense.
• E) Intersegment revenues.

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Definitions:

Registers

Official lists or databases maintained for recording information, transactions, or names in a structured format.

Power of Sale

A clause in a mortgage or trust deed that gives the lender the right to sell the property if the borrower defaults on payments.

Realise on Security

The process of selling secured assets to recover the amount due on a loan in the event of default.

Falling Markets

Financial markets experiencing a decline in the prices of securities, often signaling investor pessimism or economic downturns.