Which of the Following Is Not a Characteristic That Defines

question 21

Multiple Choice

Which of the following is not a characteristic that defines a reportable operating segment according to U.S. GAAP?

• A)Operating results are regularly reviewed by the enterprise's chief operating officer.
• B)Discrete financial information is available.
• C)Engages in business activities from which it may earn revenues and incur expenses.
• D)Represents more than 20% of total company revenues, assets, or net income.

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Definitions:

Threshing Machines

Mechanical devices designed for separating cereal grains from their chaff and straw, significantly improving efficiency in agricultural production.

Wealthy Landowners

Individuals or families that possess significant amounts of land, wealth, and influence, often playing a crucial role in agricultural, economic, and political spheres.

Nineteenth Century

The period from 1801 to 1900, characterized by industrialization, colonial expansion, and significant social, economic, and political changes.

Infant Mortality

The rate at which babies under one year of age die in a given population, often used as an indicator of the health and well-being of a community.