Final Exam: VERSION 16 Swed Help Save & E Q:) Choojit, Inc. has multiple business segments. Which of the following statements is true? 13 Multiple Choice 8 01:51:49 Both traceable and common fixed costs should be charged to business segments. If a business segment is entirely eliminated, a true common fixed cost will decrease. Fixed costs traceable to a business segment can become common costs if the business segment is divided into smaller segments. Traceable fixed costs are incurred to support more than one business segment and thus should not be charged to any particular segment. Both traceable and common fixed costs should be charged to business segments. If a business segment is entirely eliminated, a true common fixed cost will decrease. Fixed costs traceable to a business segment can become common costs if the business segment is divided into smaller segments. Traceable fixed costs are incurred to support more than one business segment and thus should not be charged to any particular segment. The company's segmented income statement is usually prepared in the traditional format.