Which of the Following Is True Concerning Segment Disclosures

question 20

Multiple Choice

Which of the following is true concerning segment disclosures?

• A) The European Union requires sales but not profit data by segments.
• B) Forecasts based on consolidated data are more accurate than those based on segmented data due to intercompany transfers.
• C) The U.S. requires extensive social disclosures of its segmented data.
• D) The British require segment sales based on source but not destination.

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Definitions:

Wheal

A small, raised, and often itchy area on the skin, typically resulting from an allergic reaction or as part of certain skin tests.

Confluent

Merging or flowing together, often used to describe skin lesions that have joined together.

Annular Lesions

Skin lesions that are circular or ring-shaped, often seen in conditions like ringworm or granuloma annulare.

Grouped

Refers to being arranged or classified into groups, often based on similarities or shared characteristics.