GAAP Requires That Segment Information Be Reported

question 25

Multiple Choice

GAAP requires that segment information be reported

• A)by geographics,without regard to size of the segment.
• B)by geographics,without regard to industry or product-line.
• C)however management organizes the enterprise into units for internal decision-making and performance-evaluation purposes.
• D)by industry or product-line,without regard to geographics.

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Definitions:

Court Proceedings

Court proceedings are formal legal processes where disputes are resolved and judgments are made by a court.

Courts Open

This term suggests the status of courtrooms being accessible for legal proceedings, ensuring public accessibility and transparency in the judicial process.

Federal Court

A court established under federal law that has jurisdiction over certain cases involving national laws, federal government, and disputes between states or international parties.

Function

The natural purpose or action for which a person or thing is designed or exists.