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:

Biological Needs

Fundamental requirements that organisms need to maintain life, such as food, water, air, and shelter, which are essential for survival and physiological functioning.

Evolutionary Theory

A scientific explanation for the diversity of life on Earth, proposing that species change over time through processes like natural selection.

Genetically Predisposed

Indicates a higher likelihood of developing certain conditions or traits based on one's genetic makeup.

Richard Lazarus'

Associated with the psychology of emotion and stress, Lazarus developed the cognitive-mediational theory which suggests that the interpretation of an event is more important for the stress response than the event itself.