What information about revenues by geographic area should a company present?
A) disclose separately the amount of sales to unaffiliated customers and the amount of intra-entity sales between geographic areas
B) disclose as a combined amount sales to unaffiliated customers and intra-entity sales between geographic areas
C) disclose separately the amount of sales to unaffiliated customers but not the amount of intra-entity sales between geographic areas
D) no disclosure of revenues from gorge in operations need to be disclosed
Answer: C) disclose separately the amount of sales to unaffiliated customers but not the amount of intra-entity sales between geographic areas
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Under the modified accrual basis, revenues are considered available to finance current period expenditures if
a. legally available to finance current period expenditures. b. collected during the current period. c. collected in the current period or soon enough thereafter to be used to pay liabilities of the current period. d. both items a and b. e. Both items a and c