REFERENCE: Ref.08_07 Elektronix,Inc.has Three Operating Segments with the Following Information: in
REFERENCE: Ref.08_07
Elektronix,Inc.has three operating segments with the following information:
In addition,revenues generated at corporate headquarters are $300,000,and common assets are $16,000,000.
-Which of the following statements is true according to SFAS 131?
A) A reconciliation of segment assets to consolidated assets is required.
B) Segment information does not have to be in accordance with generally accepted accounting principles.
C) Disclosure of a major customer's identity is required.
D) Geographic area information must be disclosed in interim financial statements.
E) A company comprised of only one operating segment does not have to report geographic area information.
Correct Answer:
Verified
Q26: Which operating segments are separately reportable under
Q43: Which of the segments are separately reportable?
A)
Q45: The amount of gross profit for the
Q47: REFERENCE: Ref.08_08
Cement Company,Inc.began the first quarter with
Q49: REFERENCE: Ref.08_07
Elektronix,Inc.has three operating segments with the
Q50: Which of the following is not true
Q51: REFERENCE: Ref.08_07
Elektronix,Inc.has three operating segments with the
Q54: What information does SFAS 131 require to
Q56: Which of the following statements is true?
A)
Q56: According to SFAS 131,which of the following
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