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Which of the Following Statements Is True According to U

Question 104

Multiple Choice

Which of the following statements is true according to U.S. GAAP regarding segment or enterprise-wide disclosure?


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.

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