Multiple Choice
_____ Which of the following items does FAS 131 require to be excluded from the measure of profitability to be disclosed for reportable segments?
A) Unusual items.
B) Extraordinary items.
C) Income tax expense (or benefit) .
D) Interest expense.
E) None of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q58: _ Which amounts does FAS 131 require
Q59: _ Paxco has two reportable operating segments.
Q60: To qualify as an operating segment, an
Q61: Aggregation of segments is allowed only of
Q62: _ An entity that operates in several
Q64: A reconciliation must be presented that reconciles
Q65: _ Aggregation of two or more reportable
Q66: Segment assets for all reportable segments must
Q67: _ Which of the following disclosed segment
Q68: _ Aggregation of operating segments is allowed<br>A)