Segment Information Must Be Disclosed

question 13

Multiple Choice

Segment information must be disclosed:

• A) on the face of the financial statements.
• B) in a note to the financial statements.
• C) either A or B.
• D) none of the above.

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Definitions:

Income Inequality

The disparate sharing of income among participants in an economy, be they individuals or households.

Income Distribution

The way in which total income is shared among the population or different groups within society.

Lowest Quintile

The segment of a population that falls into the bottom 20% based on income or another measurable characteristic.

Income Distribution

The way in which total income is shared among the population or different segments of an economy.