Which of the following statements is true regarding the determination of operating segments under SFAS 131?
A) An operating segment is a component of an enterprise that engages in business activities from which it only earns revenues.
B) The operating results of an operating segment are reviewed regularly by the corporate controller to assess performance.
C) There is integral financial information available for each operating segment
D) An organizational unit can be an operating segment if all of its revenues or expenses result from transactions with other segments.
E) All parts of a company must be included in some operating segment.
Correct Answer:
Verified
Q4: What is the minimum amount of revenue
Q5: Combined segment revenues are calculated to be
A)
Q6: What is the minimum amount of assets
Q10: What is the minimum amount of revenue
Q14: When defining a reportable segment, which of
Q15: Which tests must a company use to
Q16: REFERENCE: Ref.08_02
The Fratilo Co.had three operating segments
Q17: When totaling the revenues to use as
Q18: A company that generates reports by both
Q19: REFERENCE: Ref.08_02
The Fratilo Co.had three operating segments
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