Under GAAP for segment reporting, a company must report
A) a measure of profit or loss for each reportable segment
B) factors used to identify its reportable segments
C) the types of products and services from which each reporting segment derives its revenues
D) all of these

Question

Quizplus · Accepted Answer

GAAP requires a company to report a measure of profit or loss for each reportable segment, factors used to identify its reportable segments, and the types of products and services from which each reporting segment derives its revenues. Therefore, all of these options are correct under GAAP for segment reporting.

Under GAAP for Segment Reporting, a Company Must Report