GAAP Requires That Segment Information Be Reported

question 25

Multiple Choice

GAAP requires that segment information be reported

• A)by geographics,without regard to size of the segment.
• B)by geographics,without regard to industry or product-line.
• C)however management organizes the enterprise into units for internal decision-making and performance-evaluation purposes.
• D)by industry or product-line,without regard to geographics.

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Definitions:

Lymphocytes

A type of white blood cell crucial for the immune system, involved in protecting the body from infections and diseases.

Immunoglobulins

Proteins in the immune system that function as antibodies, which identify and neutralize foreign objects like bacteria and viruses.

Hemochromatosis

A genetic disorder causing excessive absorption of iron by the body, leading to its accumulation in organs and potentially causing serious damage.

Hemophilia

A rare genetic disorder in which the blood doesn't clot properly due to the lack of sufficient blood-clotting proteins, leading to excessive bleeding.