Which One of the Following Items Must Be Disclosed for All

question 94

Multiple Choice

Which one of the following items must be disclosed for all reportable operating segments in the notes to financial statements? (I.) Revenue from external customers.
(II.) Total Segment Assets
(III.) Revenues from foreign customers, identified by country.

• A) I, II, and III
• B) I and III only
• C) II and III only
• D) I and II only
• E) There is no requirement of information to disclose for operating segments.

Identify and explain the different types of adjusting entries: prepaid expenses, deferred revenues, depreciation, and supplies adjustments.

Calculate depreciation expense for long-lived assets and understand its impact on financial statements.

Describe the asset-expense relationship and its accounting implications.

Differentiate between prepaid expenses and deferred revenues in terms of their financial statement impact.

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Definitions:

Intensity

The measurable amount of a property, such as force, brightness, or a magnetic field.

Intrinsically Motivated

Being driven by internal rewards, such as personal satisfaction or the joy of performing an activity, rather than external pressures or incentives.

Externally Motivated

Being driven by external factors or rewards, such as praise, money, or recognition, rather than internal desires or satisfaction.

Social Motives

Motives (such as the needs for affiliation and achievement) that are acquired through experience and interaction with others.