答案和详解如下： LOS e: Analyze a reportable segment under SFAS 131, and evaluate the uses and limitations of segment data.
1．Monthly internal reporting to the Chief Operating Officer (COO) and Chief Executive Officer (CEO) at Ludicom Corp. includes segment data on the following items. Which is the company least likely to be required to disclose under SFAS 131? A) Interest income. B) Investments in equity income investees. C) Extraordinary items. D) Sales of more than 5% to any one customer.
The correct answer was D) Sales to one customer are only required to be disclosed if they exceed 10%, not 5%, of sales. Interest income, income from and investments in equity income investees, and extraordinary items are all required to be disclosed if they were reported internally to the chief operating decision maker. 2．Which statement about SFAS 131 on reportable segments is least accurate? A) A segment is a component of an enterprise that accounts for at least 10% of the enterprise’s combined assets, profit /loss, and revenues. B) Companies are required to disclose some measure of profitability for all reportable segments. C) Segment data enables an analyst to improve forecasts of profitability and revenues. D) Computation of segment profitability may be affected by transfer pricing.
The correct answer was A) A segment is a component of an enterprise that accounts for at least 10% of any one item among the enterprise’s combined assets, profit/loss, or revenues, not all three. Companies are required to disclose some measure of profitability, usually operating profit, for all reportable segments. Segment data enables analysts to improve their estimates of sales and earnings because of better understanding of the company’s operations, and empirical evidence indicates that analyst forecasts of sales and earnings have in fact improved since the introduction of SFAS 131. The computation of segment profit may be affected by intercompany transfers and transfer pricing.
3．Which of the following segment data is a company least likely to be required to disclose under SFAS 131 if they are reported internally to the chief operating decision maker? A) Intersegment sales. B) Income tax expense. C) Sales to any foreign government. D) Depletion expense.
The correct answer was C) Sales to any foreign government are only required to be disclosed if they exceed 10% of enterprise sales. Intersegment sales, income tax expense and depletion expense are all required to be disclosed if they were reported internally to the chief operating decision maker. | 
发表于 2008-4-2 17:33
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