Which of the Following Is Not True for an Operating

question 113

Multiple Choice

Which of the following is not true for an operating segment according to SFAS 131?

• A)Discrete financial information generated by the internal accounting system is available.
• B)The segment earns revenues and incurs expenses.
• C)The segment is regularly reviewed by a chief decision maker to assess performance decisions.
• D)The segment is regularly reviewed by a chief decision maker to make resource allocations.
• E)An organizational unit can not be an operating segment if all of its operating transactions are only with other segments of the organization.

Understand the consequences of self-pollination in plants.

Explain the process and importance of vernalization in certain plant varieties.

Distinguish between asexual and sexual reproduction strategies in plants.

Describe the role and identification of florigen in flowering plants.

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Definitions:

Unearned Revenues

Income received by a company for goods or services yet to be delivered or performed.

Liability Uncertainty

Liability uncertainty involves not knowing the exact amount or timing of future outflows due to existing obligations.

Sales Taxes Payable

Current liabilities on a company’s balance sheet, representing taxes collected from customers on behalf of governmental authorities which are yet to be remitted.

Credited

An accounting entry that increases a liability or equity account, or decreases an asset or expense account.