Multiple Choice
_____ To qualify as an operating segment under FAS 131, a component of an enterprise must
A) Have business activities with external parties or other components of the same enterprise.
B) Be a separate legal entity.
C) Have revenues with unaffiliated customers.
D) Have profitable operations or expectations of having profitable operations.
E) Not be part of a vertically integrated operation.
Correct Answer:
Verified
Correct Answer:
Verified
Q30: _ An entity has four operating segments.
Q31: _ Which separate segment amounts does FAS
Q32: FAS 131 requires a single basis of
Q33: _ For segment reporting purposes, aggregation of
Q34: A vertically integrated business cannot be disaggregated.
Q36: Segment reporting applies to not-for-profit entities.
Q37: _ Punex has three operating segments and
Q38: _ To qualify as a reportable segment
Q39: Reporting segment cash flows is prohibited.
Q40: Before aggregation of segments can occur, the