Asked by maria humayra on May 21, 2024
Verified
The information reported about the reportable segments of an enterprise may be disclosed
A) within the body of the financial statements with supporting footnotes
B) entirely in the footnotes to the financial statements
C) in a separate schedule that is an integral part of the financial statements
D) all of these choices
Reportable Segments
Operational parts of a company with distinguishable financial information that is reported separately.
Financial Statements
Reports detailing the financial performance and position of a company, including the income statement, balance sheet, and statement of cash flows.
Supporting Footnotes
Supporting footnotes are explanatory notes included in financial statements and reports to provide additional detail, clarification, or context to the figures presented.
- Grasp the principles of segment reporting and the required disclosures for reportable segments.
Verified Answer
Learning Objectives
- Grasp the principles of segment reporting and the required disclosures for reportable segments.
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