Asked by Danielle Woods on May 21, 2024
Verified
Which one of the following need not be disclosed for reportable segments?
A) interest revenue and expense
B) profit or loss
C) capital expenditures for long-lived assets
D) seasonal revenues
Reportable Segments
This refers to distinct components of a business for which separate financial information is available and is regularly reviewed by the company's decision-makers.
Interest Revenue
Income earned by a company from its lending activities or from holding interest-bearing financial assets.
Seasonal Revenues
Income generated from business activities that fluctuates according to the season or a particular time of year, typical in industries like retail and agriculture.
- Identify disclosures required for reportable segments and exceptions.
Verified Answer
Learning Objectives
- Identify disclosures required for reportable segments and exceptions.
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