Segmented income statements . Multiple choice question. may be prepared for activities at many levels in a company should only be used for profit centers are best used to determine which locations are profitable, rather than which product lines are profitable may be prepared for the various departments in the company, but not for specific product lines

may be prepared for activities at many levels in a company

Explanation:

Income statement shows the revenues and expenses that a business unit has over a specific period.

Segmented income statement is used to show details of revenue and expenses of different units of an organ at the same time.

It could be arranged by location, product line, department, territory, or sales person.

When the revenues and expenses of different departments is displayed together it helps management make comparison to identify underperforming departments, which helps in planning intervention to boost profit in those departments.

answer: b) the us is the leading importer but not the leading exporter.

extra info:

the u.s is the largest importer but it is not the largest exporter as china sits on the top of the table when it comes to leading exporters.

but u.s is not far from first,

they rank in 2nd globally as the worlds largest exporter.

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a

explanation:

reducti0n

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