Choose the correct. Which of the following is not necessarily true for an operating segment?a. An operating segment earns revenues and incurs expenses.b. The chief operating decision maker regularly reviews an operating segment to assess performance and make resource allocation decisions.c. Discrete financial information generated by the internal accounting system is available for an operating segment.d. An operating segment regularly generates a profit from its normal ongoing operations.
Choose the correct. Which of the following is not necessarily true for an operating segment?a. An operating segment earns revenues and incurs expenses.b. The chief operating decision maker regularly reviews an operating segment to assess performance and make resource allocation decisions.c. Discrete financial information generated by the internal accounting system is available for an operating segment.d. An operating segment regularly generates a profit from its normal ongoing operations.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Choose the correct. Which of the following is not necessarily true for an operating segment?
a. An operating segment earns revenues and incurs expenses.
b. The chief operating decision maker regularly reviews an operating segment to assess performance and make resource allocation decisions.
c. Discrete financial information generated by the internal accounting system is available for an operating segment.
d. An operating segment regularly generates a profit from its normal ongoing operations.
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