Which of the following must be reported by diversified companies for each of their operating segments?
A) Assets,liabilities,and earnings per share
B) Segment profit or loss,certain revenue and expense items,and segment assets
C) Segment profit or loss,expenses,and unidentifiable assets
D) Segment profit or loss,expenses,and earnings per share

Question

Quizplus · Accepted Answer

According to accounting standards, diversified companies must report segment profit or loss for each operating segment, along with certain revenue and expense items and segment assets. This information helps investors and stakeholders understand how the company is performing in each of its business segments. Other options listed (A, C, D) are either incomplete or incorrect.

Which of the Following Must Be Reported by Diversified Companies