1. Which of the following does U.S. GAAP not consider to be an objective of segment reporting? a. It helps users better understand the enterprise's performance. b. It helps users better assess the enterprise's prospects for future cash flows. c. It helps users make more informed judgments about the enterprise as a whole. d. It helps users make comparisons between a segment of one enterprise and a similar segment of another enterprise. 2. Under current U.S. accounting guidelines, which of the following items of information is a company not required to disclose, even if it were material in amount? a. Revenues generated from sales of its consumer products line of goods b. Revenues generated by its Japanese subsidiary c. Revenues generated from export sales d. Revenues generated from sales to Walmart 3. Which of the following operating segment disclosures is not required under current U.S. accounting guidelines? a. Liabilities b. Interest expense c. Intersegment sales d. Unusual items 4. In determining whether a particular operating segment is of significant size to warrant disclosure, which of the following is true? a. Three tests are applied, and all three must be met. b. Four tests are applied, and only one must be met. c. Three tests are applied, and only one must be met. d. Four tests are applied, and all four must be met