Chapter 29

Question 1

SEC Filings/Forms:
S1
10K
10Q
DEF 14A
8K
Form 144
Form 3,4,5
Proxy Statements

Answer 1

Question 2

business segment (operating segment)

Answer 2

A business segment (operating segment) is a portion of a larger company that accounts for more than 10% of the company’s revenues, assets, or income ; and totaling at least 75% of external sales

Question 3

The following must be disclosed for each segment within the financial statement notes:

Answer 3

• Revenue (external and between segments)
• A measure of profit or loss
• A measure of assets and liabilities
• Interest (revenue and expense)
• CAPEX
• Acquisitions of PP&E and intangibles
• Depreciation and amortization
• Other noncash expenses
• Income tax expense
• Share of equity-accounted investments results

Question 4

Audit Opinion:
Unqualified
Qualified
Adverse
Disclaimer of opinion

Answer 4

Question 5

Differences between IFRS and GAAP:

Developed by
Based On
Inventory Valuation
Product Dev Cost
Interest Paid
Reversal of inventory write-downs

Answer 5