Which of the following statements concerning U.S. GAAP is true?
Does not require a reconciliation of segment assets to consolidated assets.
Requires geographic area information to be disclosed in interim financial statements.
Does not require segment information to be reported in accordance with generally accepted accounting principles.
Requires disclosure of a major customer’s identity.

Answer rating: 100% (QA)

Being GAAP compliant means that a company has foll... View the full answer