1. The disclosure requirements for an operating segment do not include:
(a) Unusual items
(b) Income tax expense or benefit
(c) Extraordinary items
(d) Cost of goods or services sold
2. A reconciliation between the numbers disclosed in operating segments and consolidated numbers need not be provided for:
(a) Cost of goods sold
(b) Profit or loss
(c) Net assets
(d) Revenues
3. Each reportable segment is required to disclose the following information except for:
(a) Extraordinary items
(b) Depreciation, depletion, and amortization
(c) Capital expenditures
(d) Gross profit or loss
4. An enterprise is required to disclose information about its major customers if 10% or more of its revenue is derived from any single customer. This disclosure must include:
(a) The products or services generating the revenue from such sales
(b) The operating segment or segments making such sales and the total revenue from the customer
(c) The name of the customer to whom the sales were made
(d) The dollar amounts of revenue and any profit or loss on the sales
5. Which of the following is not a criterion for aggregating two or more operating segments?
(a) The segments should have similar products or services.
(b) The segments should have similar production processes.
(c) The distribution of products should be similar.
(d) The segments should have similar amounts of revenue.
6. Required segment disclosures in interim-period statements do not include:
(a) A measure of segment profit or loss
(b) Net interest revenue
(c) A description of a change in segmentation from the last annual report
(d) Intersegment revenue