For Each of the Following Situations, Select the Best Answer

question 30

Essay

For each of the following situations, select the best answer concerning segment disclosures of reportable segments.
(A.) Required to be disclosed by an operating segment, but not a geographical segment.
(B.) Required to be disclosed by a geographical segment, but not an operating segment.
(C.) Required to be disclosed by both an operating segment and a geographical segment.
(D.) Not required to be disclosed by either an operating segment or a geographical segment.
___ 1. Factors used to identify segments.
___ 2. Revenues from external customers.
___ 3. Types of products and services from which each segment derives its revenues.
___ 4. Names of major customers.
___ 5. Revenues from transactions with other segments.
___ 6. Interest revenue.
___ 7. Long-lived assets.
___ 8. Discontinued operations and extraordinary items, when applicable.
___ 9. Income tax expense or benefit.
___ 10. Revenues for the domestic country.
___ 11. Cash flow information

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Definitions:

Pelvis

The lower part of the torso in human and vertebrates, comprising hip bones surrounding and protecting organs in the abdominopelvic cavity.

Foramen Magnum

The large opening at the base of the skull through which the spinal cord passes to connect with the brain.

Bipedalism

The ability to walk on two legs, a characteristic feature of humans and our ancestors that allows for a range of motion and energy efficiency.

Hominids

A family of primates that includes humans, their ancestors, and other extinct related species, characterized by bipedalism, large brains, and complex behavior.