All of the following are required to be reported in interim financial statements with respect to material operating segments, except:
A. Intersegment revenues.
B. Segment assets.
C. Reconciliation of segment profit or loss to total income before taxes.
D. Segment revenues from external customers.
E. Segment profit or loss.
Answer: B
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The parts department shows gross sales of $116,000 and cost of goods sold of $38,000 . What is the gross profit percentage of the parts department?
a. 67.2% b. 32.8% c. 48.7% d. 51.3%
A certificate of deposit is:
A. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money with interest to the payee on demand. B. an instrument in which the maker makes an unconditional promise to pay a fixed amount of money without interest to the payee at the specified future time. C. the most widely used form of commercial paper that is a draft payable on demand and drawn on a bank. D. an instrument containing an acknowledgment by a bank that it has received a deposit of money and a promise to repay the sum of money.
The ________ scorecard approach is based on an integration of strategic planning with a company's budgeting processes, and short-term results from the scorecard can serve as a means of monitoring progress in achieving strategic objectives across four dimensions: financial, customer, internal, and learning and growth.
Fill in the blank(s) with the appropriate word(s).
A gift causa mortis differs from an inter vivos gift in that a gift causa mortis:
A) Can only be made to family members. B) Requires witnesses to be effective. C) Sometimes is automatically revoked. D) Has different requirements regarding consideration.