Segment expenses as not including:
A) Joint venturer's expenses relating to the operation of joint venture operations.
B) Losses on sales of investments or extinguishment of debt unless the segment's operations are primarily financial in nature.
C) Income tax expense.
D) Losses on sales of investments or extinguishment of debt unless the segment's operations are primarily financial in nature and income tax expense.
E) All of the given answers.

Question

Quizplus · Accepted Answer

The other options either include expenses that should be excluded (A, B, C) or include all the given options (E). Option D correctly identifies that both losses on sales of investments or extinguishment of debt and income tax expense should not be included, except if the segment's operations are primarily financial in nature.

Segment Expenses as Not Including