Which of the Following Must Be Disclosed by a Geographic

question 74

Multiple Choice

Which of the following must be disclosed by a geographic segment according to U.S. GAAP?

• 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:

Foreign Subsidiary

A company that is partially or wholly owned but is located in a different country than the parent company, subject to the laws and regulations of the country in which it operates.

Currency Exchange Rates

The value of one currency for the purpose of conversion to another currency.

Remeasurement

The process of adjusting the book value of a foreign currency transaction or a company's foreign operations to reflect changes in exchange rates or fair value.

Foreign Currency Transactions

Deals or exchanges that involve the use of currency other than the domestic currency of the entities involved.