Which of the Following Is a Provision of SFAS No

question 32

Multiple Choice

Which of the following is a provision of SFAS No. 131?

• A)Segment liabilities must be reported, but reported segment assets is optional.
• B)Reconciliation of segment profit or loss to consolidated profit of loss must be done before income taxes.
• C)A segment is constituted by having 20% or more of combined revenue of all operating segments.
• D)Segment reporting is based on the way management organizes the segments for making operating decisions and assessing performance.

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Definitions:

Lascaux

A complex of caves in southwestern France famous for its Paleolithic cave paintings, showcasing a wealth of prehistoric artwork.

Ground Line

In art, a base line upon which figures are positioned, representing the ground or surface on which the subjects stand or sit.

Cognitive Development

Cognitive development refers to the process through which individuals acquire the ability to think, learn, understand, and reason, evolving from infancy through adulthood.

Paleolithic Art

The earliest form of prehistoric art, dating back to the Old Stone Age, including cave paintings, carvings, and sculptures made by early humans.