One thing that is missing from GAAP-based segment reporting is a breakdown of
A)Product and period costs.
B)Cost of goods sold and operating costs.
C)Variable and fixed costs.
D)Gross margin and net income.

Question

Quizplus · Accepted Answer

GAAP-based segment reporting does not require a breakdown of variable and fixed costs, focusing instead on revenue, profit, and asset information by segment.

One Thing That Is Missing from GAAP-Based Segment Reporting Is