16) To satisfy geographic area disclosure requirements, what are the minimum and maximum numbers of countries for which information should be reported separately?

17) Under what conditions should a company disclose the amount of sales from a major customer?

18) What are the major differences between U.S. GAAP and IFRS 8 with respect to the disclosures that are required to be provided for each separately reportable operating segment?

19) Why are publicly traded companies in the United States required to prepare interim reports on a quarterly basis?

20) What approach are companies required to follow in preparing interim financial statements?