Which of the following statements is true for a company that has managers responsible for product and
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Question:
Under U.S. GAAP, the company may choose to define operating segments on the basis of either products and services or geographic areas.
Under IFRS, the company must base operating segments on product and service lines of business.
Under IFRS, the company must refer to the core principle of IFRS 8 to determine operating segments.
Under U.S. GAAP, the company must base operating segments on geographic areas.Term
Related Book For
Advanced Accounting
ISBN: 978-0077431808
10th edition
Authors: Joe Hoyle, Thomas Schaefer, Timothy Doupnik
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