Which of the Following Statements Regarding Requirements for Segment Disclosures

question 34

Multiple Choice

Which of the following statements regarding requirements for segment disclosures is most accurate?

• A) Segment disclosures must include most of the items found in financial statements for the entire enterprise.
• B) Segment reporting is generally applied in a similar fashion in various companies,since the requirement are detailed and inflexible.
• C) Segment reporting requirements are so flexible that firms can often resist disclosing information they would prefer to keep confidential.
• D) Segment reporting is not required for any entities;the standards are concerned with determination of segment information if a company wishes to disclose it.

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Definitions:

Professional Manager

A person responsible for controlling or administering all or part of a company or similar organization.

Investment Goals

Objectives or targets set by an individual or institution for their investment activities, often to guide decision-making.

New York Stock Exchange

One of the largest stock exchanges in the world located at Wall Street, New York, where securities are bought and sold.

Tokyo Stock Exchange

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