Essay
For each of the following situations, select the best answer concerning segment disclosures of reportable segments.
A) Required to be disclosed by an operating segment, but not a geographical segment.
B) Required to be disclosed by a geographical segment, but not an operating segment.
C) Required to be disclosed by both an operating segment and a geographical segment.
D) Not required to be disclosed by either an operating segment or a geographical segment.Factors used to identify segments.Revenues from external customers.Types of products and services from which each segment derives its revenues.Names of major customers.Revenues from transactions with other segments.Interest revenue.Long-lived assets.Discontinued operations, when applicable.Income tax expense or benefit.Revenues for the domestic country.Cash flow information
Correct Answer:

Verified
(1) A; (2) C; (3) A;...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q69: On February 23, 2021, Cleveland, Inc. paid
Q70: Which of the following must be disclosed
Q71: Natarajan, Inc. had the following operating segments,
Q72: For companies that provide quarterly reports, how
Q73: Dean Hardware, Inc. is comprised of five
Q75: Which of the following costs require similar
Q76: Elektronix, Inc. has three operating segments with
Q77: Which of the following is not one
Q78: The Hardware operating segment of Bloom Corporation
Q79: Why are publicly traded companies in the