Which of the Following Statements Is True

question 20

Multiple Choice

Which of the following statements is true?

• A) In determining reportable segments, two tests are applied and both must be met.
• B) In determining reportable segments, three tests are applied and all three must be met.
• C) In determining reportable segments, two tests are applied and only one must be met.
• D) In determining reportable segments, three tests are applied and only one must be met.
• E) In determining reportable segments, at least 80% of the revenues from external customers must be reported.

---

Definitions:

Rule of Client Confidentiality

An ethical rule within legal practice requiring attorneys to keep information relating to the representation of a client confidential unless the client gives informed consent to disclose it.

Property Settlement

The division of property between spouses on the termination of a marriage.

Client Confidentiality

An ethical principle requiring attorneys to keep information related to their clients secret and not disclose it without the client's consent.

Common Area

A space within a property or development that is available for use by all occupants or members, and not owned individually.