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:

Query

A request for information or data from a database, often written in a specific language like SQL.

Largest Amount

The maximum or highest quantity or degree measured or recorded.

Amount Paid

The total sum of money transferred from one party to another in exchange for goods or services.

Total Row

A feature in spreadsheet software that automatically calculates and displays the sum, average, or other aggregates for a column of numerical data.