The aim of segment reporting is to provide entity stakeholders with the information required to:
A) Have a better understanding of the entity's past performance.
B) Make a more informed assessment of the entity's risks and returns.
C) Make more informed judgments about the performance and position of the entity as a whole.
D) All of the above.

Question

Quizplus · Accepted Answer

Segment reporting aims to provide stakeholders with information about an entity's past performance, risks, returns, and overall performance and position. Therefore, all the options (A, B, and C) are correct, and the answer is D.

The Aim of Segment Reporting Is to Provide Entity Stakeholders