For Each of the Following Situations, Select the Best Answer

question 78

Essay

For each of the following situations, select the best answer concerning segment disclosures of reportable segments.
A) Required to be disclosed by an operating segment, but not a geographical segment.
B) Required to be disclosed by a geographical segment, but not an operating segment.
C) Required to be disclosed by both an operating segment and a geographical segment.
D) Not required to be disclosed by either an operating segment or a geographical segment.
___ 1. Factors used to identify segments.
___ 2. Revenues from external customers.
___ 3. Types of products and services from which each segment derives its revenues.
___ 4. Names of major customers.
___ 5. Revenues from transactions with other segments.
___ 6. Interest revenue.
___ 7. Long-lived assets.
___ 8. Discontinued operations, when applicable.
___ 9. Income tax expense or benefit.
___10. Revenues for the domestic country.
___11. Cash flow information

• A) Required to be disclosed by an operating segment, but not a geographical segment.
• B) Required to be disclosed by a geographical segment, but not an operating segment.
• C) Required to be disclosed by both an operating segment and a geographical segment.
• D) Not required to be disclosed by either an operating segment or a geographical segment.
• ___ 1. Factors used to identify segments.
• ___ 2. Revenues from external customers.
• ___ 3. Types of products and services from which each segment derives its revenues.
• ___ 4. Names of major customers.
• ___ 5. Revenues from transactions with other segments.
• ___ 6. Interest revenue.
• ___ 7. Long-lived assets.
• ___ 8. Discontinued operations, when applicable.
• ___ 9. Income tax expense or benefit.
• ___10. Revenues for the domestic country.
• ___11. Cash flow information

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Definitions:

Anions

are negatively charged ions, which are atoms or molecules that have gained one or more electrons.

Compound

A substance made up of atoms of two or more different elements joined by chemical bonds.

Atoms

The basic units of matter consisting of a nucleus surrounded by electrons, forming the building blocks of all substances.

Element

A pure chemical substance consisting of one type of atom, distinguished by its atomic number.