There Is Certain Information That Reportable Segments Are Required to Disclose

question 11

Multiple Choice

There is certain information that reportable segments are required to disclose only if that information is regularly reviewed by the chief operating decision-maker. Which of the following must be disclosed even if it is not regularly reviewed by the chief operating decision-maker?

• A)Measure of profit/loss
• B)Amortization and depreciation
• C)Income tax expense/benefit
• D)Interest revenue and expense

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Definitions:

Local Newspaper

A newspaper focused on delivering news, information, and advertisements relevant to a specific city or region.

Validity of Contract

The legal enforceability of a contract, determined by its adherence to legal requirements such as agreement by competent parties, lawful subject matter, and consideration.

Rejected Offer

A proposal that has not been accepted by the party to whom it was extended.

Legal Obligation

A duty enforced by law, requiring an individual or entity to conform to certain actions or to refrain from certain acts.