Which of the Following Statements Is True According to U

question 104

Multiple Choice

Which of the following statements is true according to U.S. GAAP regarding segment or enterprise-wide disclosure?

• A) A reconciliation of segment assets to consolidated assets is required.
• B) Segment information does not have to be in accordance with generally accepted accounting principles.
• C) Disclosure of a major customer's identity is required.
• D) Geographic area information must be disclosed in interim financial statements.
• E) A company comprised of only one operating segment does not have to report geographic area information.

---

Definitions:

Reflection

The process of introspectively considering one's thoughts, feelings, actions, and the implications or outcomes of those actions.

Visualization And Affirmation

A self-improvement technique involving envisioning positive outcomes and verbally affirming one’s ability to achieve them, to bolster confidence and motivation.

Critical Thinking Skills

The abilities necessary to engage in reflective and independent thinking, allowing for reasoned and logical decision-making.

Self-Management

The ability to manage one's own time, behavior, and emotions, particularly in the pursuit of personal goals and in overcoming distractions and obstacles.