Yes No No ) If revenues from transactions with a single external customer amount to 10 per cent or more of an entity's revenues, the entity shall disclose A. The identity of a major customer B. The amount of revenues that each segment reports from a major customer. C Botha and b D. Neither a norb 2) Segment reporting disclosures have been advocated in order to A Determine cost allocations by segment. B. Estimate future consolidated profies due to growth, risk, and profitability differences among segments. Minimize the income tax expense of various geographically based divisions D. Improve marketing and distribution of various customer groups. 3) In reporting for a segment of a business enterprise, the operating profit or loss of a manufacturing segment includes: A B C D. Interest Expense Yes Yes No No Portion of Corporate Expense Yes 4) Revenue of a segment includes A. only sales to unaffiliated customers. 8. sales to unaffiliated customers and intersegment sales. Csales to unaffiliated customers and interest revenue. D. sales to unaffiliated customers and other revenue and gains, S) A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the A total combined revenues of all segments reporting profits. B. total revenues of all the enterprise's industry segments. total export and foreign sales. D. combined net income of all segments reporting profits. 6) in financial reporting for operating segments of a puble business enterprise, which of the following must be included in the reported amount of an operating segment's assets? b. Accumulated depreciation No Yes Marketable Securities Valuation Allowance No Yes No What is correct concerning the 75% overall size test for operating segments? d Yes No Yes Pagesoft A. The total external and internal revenue of all reportable segments is 75% or more of the entity's external revenue 8. The total external revenue of all reportable segments is 75% or more of the entity's external and internal The total external revenue of all reportable segments is 75% or more of the entity's external revenue. D. The total internal revenue of all reportable segments is 75% or more of the entity's internal revenue. revenue Yes No No ) If revenues from transactions with a single external customer amount to 10 per cent or more of an entity's revenues, the entity shall disclose A. The identity of a major customer B. The amount of revenues that each segment reports from a major customer. C Botha and b D. Neither a norb 2) Segment reporting disclosures have been advocated in order to A Determine cost allocations by segment. B. Estimate future consolidated profies due to growth, risk, and profitability differences among segments. Minimize the income tax expense of various geographically based divisions D. Improve marketing and distribution of various customer groups. 3) In reporting for a segment of a business enterprise, the operating profit or loss of a manufacturing segment includes: A B C D. Interest Expense Yes Yes No No Portion of Corporate Expense Yes 4) Revenue of a segment includes A. only sales to unaffiliated customers. 8. sales to unaffiliated customers and intersegment sales. Csales to unaffiliated customers and interest revenue. D. sales to unaffiliated customers and other revenue and gains, S) A segment of a business enterprise is to be reported separately when the revenues of the segment exceed 10 percent of the A total combined revenues of all segments reporting profits. B. total revenues of all the enterprise's industry segments. total export and foreign sales. D. combined net income of all segments reporting profits. 6) in financial reporting for operating segments of a puble business enterprise, which of the following must be included in the reported amount of an operating segment's assets? b. Accumulated depreciation No Yes Marketable Securities Valuation Allowance No Yes No What is correct concerning the 75% overall size test for operating segments? d Yes No Yes Pagesoft A. The total external and internal revenue of all reportable segments is 75% or more of the entity's external revenue 8. The total external revenue of all reportable segments is 75% or more of the entity's external and internal The total external revenue of all reportable segments is 75% or more of the entity's external revenue. D. The total internal revenue of all reportable segments is 75% or more of the entity's internal revenue. revenue