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 must be reported.

Question

Quizplus · Accepted Answer

Under GAAP for segment reporting, a company is required to disclose a measure of profit or loss for each reportable segment, the factors used to identify its reportable segments, and the types of products and services from which each reportable segment derives its revenues. This comprehensive disclosure ensures transparency and provides users of financial statements with detailed information about different segments of the company's operations.

Under GAAP for Segment Reporting, a Company Must Report