An enterprise determines that it must report segment data in annual reports for the year ended December 31, 2017. Which of the following would NOT be an acceptable way of reporting segment information?
A) Within the body of the financial statements, with appropriate explanatory disclosures in the footnotes
B) Entirely in the footnotes to the financial statements.
C) As a special report issued separately from the financial statements.
D) In a separate schedule that is included as an integral part of the financial statements.

Question

Quizplus · Accepted Answer

Segment information is typically reported as part of the financial statements or in the footnotes. A separate report issued independently from the financial statements is not an acceptable method for reporting segment data according to accounting standards.

An Enterprise Determines That It Must Report Segment Data in Annual