Which of the Following Must Be Disclosed by a Geographic

question 32

Multiple Choice

Which of the following must be disclosed by a geographic segment according to SFAS 131?

• A)Operating profit or loss.
• B)Gross profit.
• C)Total assets.
• D)Revenues from external customers.
• E)Revenues from internal customers.

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Definitions:

Social Regulation

Rules imposed by government to correct market failures and achieve social policy goals, such as environmental protection and worker safety.

Executive Agencies

Agencies of the executive branch of government that are task-focused and responsible for the execution of laws and government policies.

Economic Regulation

Government-imposed restrictions on the economic activities of individuals or companies to correct market failures or achieve social goals.

Administrative Agencies

Government bodies responsible for the oversight and administration of specific legislation and regulation in various sectors.