A reconciliation must be presented that reconciles the total revenues of the reportable segments to consolidated pretax income.

Question

Quizplus · Accepted Answer

A reconciliation must be presented that reconciles the total of the reportable segments' revenues to the enterprise's consolidated revenue. The reconciliation for pretax income typically involves reconciling the total of the reportable segments' measures of profit or loss to the enterprise's consolidated pretax income, not specifically the segments' revenues to consolidated pretax income.

A Reconciliation Must Be Presented That Reconciles the Total Revenues