A Major Difference Between U

question 24

Multiple Choice

A major difference between U.S. segment disclosures and those of other countries is that

• A) U.S. companies tend to disclose more segments on average than do U.K. companies.
• B) U.K. companies have several different sources of standards, whereas U.S. companies only have to worry about the FASB.
• C) U.K. company law gives significant direction to companies on establishing segments, whereas the FASB gives no discretion to management on the establishment of segments.
• D) U.S. companies have to report geographic sales by source and destination, whereas British companies are only allowed to report geographic sales by destination.

---

Definitions:

Alcoholic

An alcoholic is a person who suffers from alcoholism, a chronic disease characterized by an uncontrollable desire to drink alcohol despite its negative effects on health and life.

Wine

An alcoholic beverage made from fermented grapes or other fruits, varying greatly in taste, strength, and color.

Pregnant

The state of carrying a developing fetus within the female body.

Baby

A very young child, especially one newly or recently born.