Asked by Keiona Wedderburn on Jul 04, 2024
Verified
What approach is used, according to U.S. GAAP, for determining how a business is divided into segments?
Segments
Differentiable parts of a company that can be identified by specific financial information and operations, often used for reporting purposes.
U.S. GAAP
Generally Accepted Accounting Principles in the United States, a framework of accounting standards, principles, and procedures used in compiling financial statements.
- Describe the necessary disclosures and examinations for operating segment reporting in accordance with U.S. GAAP.
Verified Answer
RM
Learning Objectives
- Describe the necessary disclosures and examinations for operating segment reporting in accordance with U.S. GAAP.
Related questions
According to U ...
What Two Disclosure Guidelines for Operating Segment Information Are Designed ...
Which Items of Information Are Required to Be Included in ...
Describe the Test to Determine Whether a Sufficient Number of ...
Globecorp International Has Six Operating Segments, the Details of Which ...