When a Company with Reportable Segments Issues Interim Condensed Financial

question 35

Multiple Choice

When a company with reportable segments issues interim condensed financial statements,current GAAP requires that the interim reports provide all of the following for each reportable segment except

• A) revenues for external customers.
• B) intersegment revenues.
• C) total assets.
• D) a measure of segment profit or loss.

---

Definitions:

Population

The entire group of individuals or items from which samples may be drawn for statistical analysis.

Probability

The likelihood of an event or outcome occurring, calculated as the ratio of favorable cases to the total number of possible cases.

Freshmen Class

A group or cohort of students who are in their first year of secondary or post-secondary education.

Probability

An indicator of the probability of an event happening, represented numerically between 0 and 1.