All of the Following Statements Regarding a Business Segment Are

question 146

Multiple Choice

All of the following statements regarding a business segment are True except:

• A) A business segment is a part of a company's operations that serves a particular product line.
• B) A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company.
• C) A company's gain or loss from selling or closing down a segment is reported separately.
• D) A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are combined and reported.
• E) A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.

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Definitions:

Trade Secrets

Confidential business information that provides an enterprise with a competitive edge and is protected from disclosure.

Economic Espionage

The act of illegally obtaining confidential business information, such as trade secrets or intellectual property, for economic advantage.

United States

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

$600 Billion

An indicative monetary figure which could refer to various financial contexts, such as the value of a particular market, a government budget, or a company's revenue.