Which of These Is the Justification for Reporting Segment Assets

question 5

Multiple Choice

Which of these is the justification for reporting segment assets or liabilities?

• A)Only the assets or liabilities which are reported to the chief decision maker
• B)All assets or liabilities should be reported
• C)All assets or liabilities that have a value greater than 10% of that segments assets or liabilities should be reported
• D)With the exception of profit or loss,all other assets or liabilities are disclosed if they would be reported to the chief decision maker

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Definitions:

Perfect Substitutes

Items that can replace each other without affecting the consumer's satisfaction negatively.

Perfect Complements

Goods that are consumed together in fixed proportions because the consumption of one enhances the value or utility of the other.

Pareto Optimal

A resource allocation condition wherein it is infeasible to make improvements for any individual or preference without imposing disadvantages on at least one other.

Utility Function

A mathematical representation that ranks various bundles of goods according to the levels of satisfaction they provide to the consumer.