Which One of the Following Operating Segment Disclosures Is Not

question 28

Multiple Choice

Which one of the following operating segment disclosures is not required by GAAP?

• A)Total Assets
• B)Equity
• C)Intersegment sales
• D)Extraordinary items

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Definitions:

Failing Catering Business

A catering entity that is experiencing declining performance, revenue, or profitability, ultimately facing the risk of ceasing operations.

Undue Influence

An improper or unlawful exercise of power by one person over another to compel that person to act against his or her will, often seen in contractual or testamentary contexts.

Voidable

A term used for contracts or agreements that are valid until they are canceled or nullified by one party due to certain reasons.

Ordinary, Reasonable Person

refers to a hypothetical individual in law whose behavior would be considered typical or normal in any given circumstances, used as a standard of comparison.