Which of the following statements is true according to U.S. GAAP regarding operating segment disclosure?
A) The measurement of segment profit and loss disclosure need not be similar to the measurement provided to the chief operating decision maker.
B) Segment information does not have to be in accordance with generally accepted accounting principles.
C) Disclosure of a major customer's identity is required.
D) Geographic area information must be disclosed in interim financial statements.
E) Immaterial items must be disclosed.

Question

Quizplus · Accepted Answer

Under U.S. GAAP, segment information does not have to be in accordance with generally accepted accounting principles, as it should reflect the information used by the chief operating decision maker.

Which of the Following Statements Is True According to U