For each of the following situations, select the best answer concerning segment disclosures of reportable segments.
A) Required to be disclosed by an operating segment, but not a geographical segment.
B) Required to be disclosed by a geographical segment, but not an operating segment.
C) Required to be disclosed by both an operating segment and a geographical segment.
D) Not required to be disclosed by either an operating segment or a geographical segment.
___ 1. Factors used to identify segments.
___ 2. Revenues from external customers.
___ 3. Types of products and services from which each segment derives its revenues.
___ 4. Names of major customers.
___ 5. Revenues from transactions with other segments.
___ 6. Interest revenue.
___ 7. Long-lived assets.
___ 8. Discontinued operations, when applicable.
___ 9. Income tax expense or benefit.
___10. Revenues for the domestic country.
___11. Cash flow information
Answer: (1) A; (2) C; (3) A; (4) D; (5) A; (6) A; (7) C; (8) A; (9) A; (10) B; (11) D
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