Generally Accepted Accounting Principles Require a U

question 1

Multiple Choice

Generally accepted accounting principles require a U.S. corporation to disclose the following disaggregated information for each operating segment, except:

• A) Revenues from external customers.
• B) Discontinued operations.
• C) Cost of goods sold.
• D) Depreciation expense.
• E) Intersegment revenues.

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Definitions:

Least Profitable Use

The use or application of a resource that results in the lowest profit margin compared to other possible uses.

Constrained Resource

Refers to the most limited resource within a production process or system that restricts its output or throughput.

Processing Further

Additional operations or activities undertaken on a product after the initial manufacturing process to increase its value.

Financial Advantage

The benefit obtained from making certain financial decisions or investments, often resulting in savings, earnings, or a stronger financial position.