All of the following statements regarding a business segment are true except:
A. A segment's income for the period prior to the disposal and the gain or loss resulting from disposing of the segment's assets are reported separately.
B. A company's gain or loss from selling or closing down a segment is reported separately.
C. A business segment is a part of a company's operations that serves a particular product line.
D. A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company.
E. The income tax effects of a discontinued segment are combined with income tax from continuing operations.
Answer: E
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A. adjustable-rate debt because a varying rate of interest is paid on the outstanding balance (amount). B. expensive debt because high rates of interest are paid on the outstanding balance. C. cheap debt because low rates of interest are paid on the outstanding balance. D. free debt because no explicit interest is paid on the outstanding balance. E. fixed-rate debt because a fixed rate of interest is paid on the outstanding balance.
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Indicate whether the statement is true or false