Mod 20C Wrong Answers Flashcards
0
Q
In segment reporting, an enterprise shall disclose certain information about…3
A
1 reported segment profit and loss
2 assets
3 basis of measurement
1
Q
An enterprise shall identify general information including factors used to identify…
A
Reportable segments and the types of products and services
From which each reportable segment derives its revenues
2
Q
The accounting standards do not require disclosures about the term…
A
Chief operating decision maker
3
Q
The term chief operating decision maker identifies…
A
A function, not necessarily a manager with a specific title
4
Q
Two or more operating segments may be aggregated into a single operating segment if…2
A
1 If all the aggregation criteria are met
Or
2 after performing the 10% test, a majority of aggregation
Criteria are met
