Multiple Choice
Which of the following is true concerning segment disclosures?
A) The European Union requires sales but not profit data by segments.
B) Forecasts based on consolidated data are more accurate than those based on segmented data due to intercompany transfers.
C) The U.S. requires extensive social disclosures of its segmented data.
D) The British require segment sales based on source but not destination.
Correct Answer:

Verified
Correct Answer:
Verified
Q15: US SFAS 131 reportable segments may be
Q16: Segment information<br>A) I only<br>B) II only<br>C) neither
Q17: From a competitive standpoint, segment reporting<br>A) is
Q18: MNEs often make the argument against segment
Q19: US GAAP's latest SFAS131 is very similar
Q21: The IASB's segment reporting standard IAS 14<br>A)
Q22: The major argument against segment disclosure is
Q23: Segment-based forecasts<br>A) underperform consolidated-based forecasts<br>B) out perform
Q24: A major difference between U.S. segment disclosures
Q25: MNEs argue against disseminating more information because