Question 18 (1 point)

Faulk Ltd. has provided the following information:

Segment	Assets	Revenues	Profits
A	$60,000	$18,000	$9,000
B	120,000	90,000	3,000
C	120,000	52,500	15,000
D	30,000	300,000	120,000

Under the profit test only, which segments are reportable?

Question 18 options:

	Segment A only
	Segment C only
	Segments C and D only
	Segments A and C only

Question 19 (1 point)

What is the difference between the way taxes are treated under the discreet approach and under the integral approach?

Question 19 options:

	Under the integral approach, taxes are recognized as they are incurred and paid, but under the discreet approach, taxes are estimated by applying an average tax rate to pre-tax interim net income.
	Under the discreet approach, taxes are recognized as they are incurred and paid, but under the integral approach, taxes are estimated by applying an average tax rate to pre-tax interim net income.
	Under the discreet approach, taxes are estimated by applying an average tax rate to pre-tax interim net income, but taxes are calculated separately for each interim period under the integral approach.
	Under the integral approach, taxes are estimated by applying an average tax rate to pre-tax interim net income, but taxes are calculated separately for each interim period under the discreet approach.