The Following Information on Sales and Operating Profit Is Available

question 24

Multiple Choice

The following information on sales and operating profit is available for the company's three operating segments (in 000s) : $$\begin{array} { | l | r | r | r | r | } \hline & \text { Segment D } & \text { Segment E } & \text { Segment F } & \text { Total } \\\hline \text { Sales } & \$ 6,000 & \$ 1,000 & \$ 10,000 & \$ 17,000 \\\hline \text { Operating profit } & \$ 225 & \$ 20 & \$ 5 & \$ 235 \\\hline\end{array}$$ Which of the operating segments must be reported separately?

• A)Only Segment E
• B)Only Segments D and F
• C)Only Segments E and F
• D)Segments D, E, and F

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Definitions:

Fifth Amendment Right

A constitutional provision that protects individuals from self-incrimination, mandates due process of law, and prohibits the government from seizing private property without fair compensation.

Self-Incrimination

The act of exposing oneself to prosecution by making statements or producing evidence that could prove one's own criminal guilt.

Fourteenth Amendment

An amendment to the U.S. Constitution that grants citizenship to all persons born or naturalized in the United States and guarantees equal protection under the laws.

Closely Held Corporations

Corporations that have a small number of shareholders and whose shares are not publicly traded, often managed by the shareholders.