Which of the Following Must Be Disclosed by a Geographic

question 70

Multiple Choice

Which of the following must be disclosed by a geographic segment according U.S. GAAP?

• A) Operating profit or loss.
• B) Gross profit.
• C) Total assets.
• D) Revenues from external customers.
• E) Revenues from internal customers.

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Definitions:

Student Loans

Borrowed money that is used to pay for educational expenses and must be repaid with interest.

Means Test

A method used to determine an individual's eligibility for certain types of financial aid or social services, based on their income and assets.

Bankruptcy Provisions

Legal clauses and rules that outline the process and consequences of declaring bankruptcy, including the discharge of debts and the liquidation of assets.

Median Income

The middle value of a set of incomes, dividing the income distribution into two equal groups, with half earning more and half earning less.