.
A) Factors used to identify operating segments.
B) Products and services from which each segment derives its revenues.
C) Revenues from external customers.
D) Factors used to allocate company-wide expenses.
E) Revenues from transactions with other operating segments.
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A) Depreciation expense.
B) Amortization expense.
C) Research and development expense.
D) Interest expense.
E) Interest income.
Rate this question:
A
B
C
D
E
Rate this question:
A) $29,400.
B) $25,200.
C) $26,600.
D) $28,000.
E) $27,300.
Rate this question:
A) 1 and 2
B) 1, 2, and 3
C) 1, 2, and 4
D) 2, 3, and 4
E) 1, 2, 3, and 4
Rate this question:
A) United States, All Other Countries.
B) United States, Europe, Taiwan.
C) United States, Asia, Germany.
D) United States, Central America, Mexico, Germany.
E) South America, Spain, All Other Countries.
Rate this question:
A) Sales or gross revenues.
B) Provision for income taxes.
C) Cash flow information.
D) Changes in accounting principles.
E) Seasonal revenues and expenses.
Rate this question:
A) $ 24,000.
B) $120,000.
C) $138,000.
D) $144,000.
E) $ 0.
Rate this question:
A) Segment A is a reportable segment based on this test.
B) Segment B is not a reportable segment based on this test.
C) Segment E is a reportable segment based on this test.
D) Segment C is not a reportable segment based on this test.
E) Segment D is a reportable segment based on this test.
Rate this question:
A) $57,680.
B) $64,960.
C) $52,640.
D) $78,960.
E) $63,560.
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A) Revenues from external customers.
B) Unusual items.
C) Cost of goods sold.
D) Depreciation expense.
E) Intersegment revenues.
Rate this question:
A) The products sold by each segment are produced in the same plant.
B) Both segments have several customers in common.
C) The segments may sell different products, but they have a similar economic environment and similar business activities.
D) Both segments are required to adhere to U.S. Department of Labor regulations regarding immigration laws.
E) Both segments are owned by the same parent company.
Rate this question:
A) In determining reportable segments, two tests are applied and both must be met.
B) In determining reportable segments, three tests are applied and all three must be met.
C) In determining reportable segments, two tests are applied and only one must be met.
D) In determining reportable segments, three tests are applied and only one must be met.
E) In determining reportable segments, at least 80% of the revenues from external customers must be reported.
Rate this question:
A) I and III only.
B) I and II only.
C) I, II and III.
D) II and III only.
E) I, II, III, and IV.
Rate this question:
A) $4,343,684.
B) $4,826,316.
C) $5,067,632.
D) $4,585,000.
E) $4,705,658.
Rate this question:
A) I, II, and III.
B) I and III only.
C) I and II only.
D) II and III only.
E) None of the above.
Rate this question:
A) Factors used to allocate company-wide pension expense.
B) Revenues from transactions with other operating segments.
C) Interest revenue and interest expense. C) Interest revenue and interest expense.
D) Depreciation, depletion, and amortization expense.
E) Revenues from external customers.
Rate this question:
A) An operating segment’s assets are 10 percent or more of combined segment assets.
B) An operating segment’s assets are 10 percent or more of consolidated assets.
C) An operating segment’s assets are 10 percent or more of combined segment liabilities.
D) An operating segment’s assets are 10 percent or more of consolidated liabilities.
E) An operating segment’s assets are 10 percent or more of corporate assets.
Rate this question:
A) Operating profit or loss.
B) Gross profit.
C) Total assets.
D) Revenues from external customers.
E) Revenues from internal customers.
Rate this question:
A) France, Germany, All Other Countries.
B) United States, Europe, Canada.
C) United States, Africa, Europe, Asia.
D) United States, Canada, Mexico, Germany.
E) North America, Spain, All Other Countries.
Rate this question:
A) Income tax expense.
B) Seasonal items.
C) Change in accounting principle.
D) Property tax expense.
E) Discontinued operations.
Rate this question:
A) In the same way as they are recognized on an annual basis.
B) On the cash basis.
C) On an annualized basis.
D) On a seasonal basis.
E) There are no revenues recognized in interim periods.
Rate this question:
A) I, II, and III
B) I and III only
C) II and III only
D) I and II only
E) There is no requirement of information to disclose for operating segments.
Rate this question:
A) Interest expense.
B) Intersegment sales.
C) Unusual items.
D) Depletion.
E) Liabilities.
Rate this question:
A) Cash flows from investing activities.
B) Change in cash.
C) Total current liabilities.
D) Total assets.
E) Gross revenues.
Rate this question:
A) The geographical location of the operations.
B) The nature of the production process.
C) The distribution methods.
D) The nature of the regulatory environment, if applicable.
E) The type or class of customer.
Rate this question:
A) Discrete financial information generated by the internal accounting system is available.
B) The segment recognizes revenues and incurs expenses.
C) The segment is regularly reviewed by a chief decision maker to assess performance decisions.
D) The segment is regularly reviewed by a chief decision maker to make resource allocations.
E) An organizational unit cannot be an operating segment if all of its operating transactions are only with other segments of the organization.
Rate this question:
A) Bonus expense.
B) Gross profit.
C) Cash basis accounting.
D) Current market value.
E) Segment level management compensation.
Rate this question:
A) The identity of the customer.
B) The operating segment reporting sales to the customer.
C) The geographic area of the customer.
D) The specific products or services purchased by the customer.
E) The length of time the customer has been a customer of the company.
Rate this question:
A) $769,263.
B) $812,000.
C) $854,737.
D) $897,000.
E) $833,368.
Rate this question:
A) The measurement of segment profit and loss disclosure need not be similar to the measurement provided to the chief operating decision maker.
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) Immaterial items must be disclosed.
Rate this question:
A) $417,000.
B) $440,000.
C) $424,000.
D) $460,000.
E) $480,000.
Rate this question:
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