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Question(s) / Instruction(s):

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 is reported separately.

b)            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 combined and reported.

c)            A company's gain or loss from selling or closing down a segment is reported separately.

d)            A business segment is a part of a company's operations that serves a particular product line.

e)            A segment has assets, liabilities, and financial results of operations that can be distinguished from those of other parts of the company.

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