Where the Entity's Primary Format for Reporting Segments Is Geographical

question 57

Multiple Choice

Where the entity's primary format for reporting segments is geographical then disclosures in addition to those required when the primary format is business segments are required.These disclosures depend on:

• A) Whether the segments are business segments or geographical segments.
• B) The relative size of the assets invested in geographical segments.
• C) The accounting policies applied to calculating the revenues, expenses, assets and liabilities of the segments.
• D) Whether the segments are based on the location of assets or location of customers.
• E) None of the given answers.

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Definitions:

Asch's Experiment

Asch's Experiment was a psychological study conducted by Solomon Asch that demonstrated the power of conformity in groups, showing how peer pressure could influence an individual to make an incorrect judgement.

Influence Findings

The results or outcomes of research that indicate the effects or impacts of one factor on another within a study.

Social Impact Theory

A theory which suggests that the amount of influence a person experiences in group settings varies based on the strength, immediacy, and number of people in the group.

Moscovici's Experiments

Psychological experiments conducted by Serge Moscovici that focused on social influence, specifically how a consistent minority influences the opinions of a larger group.