Which One of the Following Operating Segment Information Items Is

question 23

Multiple Choice

Which one of the following operating segment information items is not directly named by GAAP to be reconciled to consolidated totals?

• A)Assets
• B)Liabilities
• C)Revenues
• D)Profit or loss

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Definitions:

GAAP's Goals

The objectives of Generally Accepted Accounting Principles, which include ensuring the reliability, consistency, and comparability of financial reporting.

Financial Statements

Documents that provide an overview of a company's financial condition, including income statement, balance sheet, and statement of cash flows.

Pro Forma Numbers

Financial data that projections or estimates are based on, often used to show potential financial performance.