A major difference between U.S. segment disclosures and those of other countries is that
A) U.S. companies tend to disclose more segments on average than do U.K. companies.
B) U.K. companies have several different sources of standards, whereas U.S. companies only have to worry about the FASB.
C) U.K. company law gives significant direction to companies on establishing segments, whereas the FASB gives no discretion to management on the establishment of segments.
D) U.S. companies have to report geographic sales by source and destination, whereas British companies are only allowed to report geographic sales by destination.
Correct Answer:
Verified
Q18: Segment-based forecasts
A) underperform consolidated-based forecasts
B) out perform
Q19: The revised IAS 14 expands the scope
Q20: Evidence about stock market tests of segment
Q21: The major problem for an auditor of
Q22: The IASB's segment reporting standard IAS 14
A)
Q24: The European Union requires the following segment
Q25: The dual-yardstick proposal for segment disclosures
A) suggests
Q26: According to the British approach to segment
Q27: The major argument against segment disclosure is
Q28: MNEs often make the argument against segment
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