14.Refer to Fact Pattern #1:Which statement is correct?

a.Inter-segment sales should be included in the numerator when calculating the 10% significant revenue test

b.Inter-segment sales should be included in the denominator when calculating the 10% significant revenue test

c.Both a and b

d.Neither a nor b

15.Refer to Fact Pattern #1:Which segment(s) should be separately reported because it met the 10% "Significant Revenue" test?

a.Bicycles

b.Electronics

c.Gas & Oil

d.All of the above

e.None of the above

16.Refer to Fact pattern 1:Which segment meets the 10% "Significant Profit" test?

a.Bicycles

b.Electronics

c.Sporting Goods

d.All of the above

e.None of the above

17.Refer to Fact Pattern #1: Because the Glassware segment failed to meet all three 10% tests, the Glassware segment would not be separately reported.

a.True (This is a correct statement)

b.False (This is not a correct statement.)

18.Refer to Fact Pattern #2:Calculate Segment A's Profit (after taking into account both traceable and allocable costs).

a.109,334

b.225,000

c.312,500

d.400,000

e.None of the above

19.Refer to Fact Pattern #2:Segment A should be a separately reported segment because it meets the 10% Profit Test.

a.Yes

b.No

c.Can not be determined - insufficientinformation to make a determination

20.Refer to Fact Pattern #3:According to the fact pattern, Costa Rica would need to be separately disclosed as a specific country because its Revenues are significant.

a.True

b.False

21.Refer to Fact Pattern #3:Which statement is correct?

a.Inter-area sales should be included in the numerator when calculating the 10% significant revenue test

b.Inter-area sales should be included in the denominator when calculating the 10% significant revenue test

c.Both a and b

d.Neither a nor b

22.Refer to Fact Pattern #3:Which of the following countries would need to be separately disclosed?

a.Belgium

b.Italy

c.Both a and b

d.Neither a nor b

23.According to fact pattern #4, the computer software segment would be separately reported because of the materiality of its customers?

a.True

b.False