Asked by Erika Overton on May 09, 2024
Verified
One way to report revenue earned by a company is to present it by the different segments of business.
Business Segments
Distinct parts of a company that deal with different types of products or services, often reported separately in financial statements.
- Comprehend the division of business operations for the purposes of financial reporting and analysis.
Verified Answer
PG
Preston GeorgeMay 11, 2024
Final Answer :
True
Explanation :
Reporting revenue by different segments of business allows for a better understanding of which parts are generating the most revenue and which ones need improvement. This is a common practice in annual reports and financial statements.
Learning Objectives
- Comprehend the division of business operations for the purposes of financial reporting and analysis.