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.

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Definitions:

Psychology Test

An assessment tool designed to measure psychological traits, abilities, or the presence of psychological conditions.

Mindfulness Meditation

A practice of focusing one's mind on the present moment, often used as a technique to reduce stress and enhance well-being.

Biofeedback

A technique that teaches people to control bodily processes that are normally involuntary, such as heart rate, using monitoring devices that provide information on the state of those processes.

External Locus

A psychological attribute where individuals believe that their life events are mainly controlled by external forces or fate rather than their own actions.