_____ Under FAS 131, revenues could include:
A) Intersegment interest income.
B) Intersegment lease income.
C) Intersegment management fee income.
D) Royalty income.
E) All of the above.

Question

Quizplus · Accepted Answer

Under FAS 131, revenues can include all types of intersegment revenues such as interest income, lease income, management fee income, and royalty income. This standard allows for a broad interpretation of what constitutes revenue within an entity, including transactions among different segments of the same entity.

_____ Under FAS 131, Revenues Could Include