Which of the Following Statements Regarding Requirements for Segment Disclosures

question 34

Multiple Choice

Which of the following statements regarding requirements for segment disclosures is most accurate?

• A) Segment disclosures must include most of the items found in financial statements for the entire enterprise.
• B) Segment reporting is generally applied in a similar fashion in various companies,since the requirement are detailed and inflexible.
• C) Segment reporting requirements are so flexible that firms can often resist disclosing information they would prefer to keep confidential.
• D) Segment reporting is not required for any entities;the standards are concerned with determination of segment information if a company wishes to disclose it.

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Definitions:

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An eye condition that occurs in patients with diabetes, characterized by damage to the blood vessels of the light-sensitive tissue at the back of the eye (retina).

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The medical specialty that involves the study of diseases and their causes, processes, development, and consequences.

Sensorineural

Refers to a sensory nerve.

Hearing Loss

Partial or total inability to hear sounds in one or both ears, which can be congenital or acquired, temporary or permanent.