Segment Information Global Company reported net income for the current year of $850,000. Additional disclosures by Global Company indicated that it had substantial losses on its operations in Europe and South Korea and higher than normal profit on sales in the United States.

a. Discuss the importance of preparing segment information for a company such as Global.

b. Give at least 3 reasons why Global may have experienced a loss on its operations in foreign countries.

c. If Global reported a loss on the sale of discontinued foreign operations in South Korea in the fourth quarter, should investors be pleased or displeased? Explain why.

d. For Global Company, disclosure of assets invested and operating results by geographic region is important in properly valuing the company. What other types of disaggregated information might be useful to investors? Give an example of a company that might be expected to provide such information.