Which One of the Following Items Is Not Required to Be

question 5

Multiple Choice

Which one of the following items is not required to be disclosed for each operating segment?

• A) Factors used to identify operating segments.
• B) Products and services from which each segment derives its revenues.
• C) Revenues from external customers.
• D) Factors used to allocate company-wide expenses.
• E) Revenues from transactions with other operating segments.

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Definitions:

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Supplies

Items used in the operation of a business that are consumed or are not permanent, such as paper, pencils, and cleaning materials.

Net Income

The net income a company achieves following the deduction of all costs, taxes, and expenses from its total earnings.

Owner's Equity

The residual interest in the assets of the entity after deducting liabilities, representing the owners' share.