In the Reporting of Segment Revenue Data

question 13

Multiple Choice

In the reporting of segment revenue data:

• A) Intra-segment revenue is eliminated as part of the consolidation process so that only sales revenue derived from sales to external customers is reported.
• B) An entity must disclose the segment revenue for each reportable segment although total intra-segment revenue may be disclosed as a lump sum for all segments.
• C) An entity must disclose the segment revenue for each segment; with revenue from external customers and intra-segment revenue reported separately.
• D) None of the above.

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Definitions:

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In statistics, a measure that helps determine the significance of results obtained in hypothesis testing, indicating the probability of observing the given or more extreme results if the null hypothesis is true.

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Electrical Engineer

A professional specializing in the design, development, and maintenance of electrical systems and components.