Asked by Aseel Babedain on May 23, 2024
Verified
Disclosures required for reportable segments include all of the following except
A) depreciation, depletion, and amortization expense
B) capital expenditures for additions to long-lived assets
C) research and development expenditures
D) interest revenue and interest expense
Reportable Segments
Reportable segments are parts of a business that can be separately identified by the nature of their operations, products, services, or geography, and for which discrete financial information is available and regularly reviewed by the entity's chief operating decision maker.
Depreciation
The accounting process of allocating the cost of tangible assets over their useful lives.
Capital Expenditures
Capital expenditures are funds used by a company to acquire, improve, or maintain physical assets such as property, industrial buildings, or equipment.
- Comprehend the essentials of segment reporting and the obligatory disclosures for reportable segments.
Verified Answer
Learning Objectives
- Comprehend the essentials of segment reporting and the obligatory disclosures for reportable segments.
Related questions
The Information Reported About the Reportable Segments of an Enterprise ...
Which One of the Following Need Not Be Disclosed for ...
The Controller of Getaway Corporation Has Prepared and Summarized the ...
Assuming the Three Business Units Below Are Operating Segments and ...
Based on the Information Provided Below, Which Business Unit(s) Should ...