Which of the Following Statements Is False Concerning the Number

question 18

Multiple Choice

Which of the following statements is false concerning the number of operating segments that should be disclosed?

• A) At least 75 percent of total company sales made to outsiders should be presented.
• B) Even though an operating segment has been reportable in the past and is of continuing significance, it must meet at least one of the three reporting tests to report separately in the current year.
• C) If the 75 percent rule is not met by the results of applying all three reporting tests, additional segments must be disclosed separately despite their failure to satisfy even one of the three quantitative thresholds.
• D) If an operating segment qualifies for disclosure in the current year, prior period segment data presented for comparative purposes must be restated to reflect the newly reportable segment as a separate segment.
• E) The practical limit to the number of operating segments is 10.

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Definitions:

Consenting Adults

Refers to individuals who are of legal age and have the capacity to make decisions about participating in activities, particularly sexual or other significant undertakings, with mutual agreement and understanding.

Paraphilias

Atypical sexual interests towards objects, situations, or individuals that are not part of normative stimulation.

Behavioral Theories

A set of principles that explain human behavior through learning and interaction with the environment.

Cognitive Theories

A set of theories in psychology that stress the importance of mental processes in understanding behavior, emotions, and thought patterns.