Which of the following statements about required disclosures in segmental reporting is not true?
A) No more than ten segments may be reported.
B) The name of each major customer does not have to be disclosed.
C) Even if there is only one reportable segment, the company must report revenues from external customers for each product or service or each group of related products or services.
D) Segmental information must be included in interim reporting.

Question

Quizplus · Accepted Answer

There is no limit to the number of segments that can be reported; the statement that no more than ten segments may be reported is not true.

Which of the Following Statements About Required Disclosures in Segmental