Question: Which one is not a correct practice under the GAAP for segment reporting? Group of answer choices Segment reporting should be done for all operating

Which one is not a correct practice under the GAAP for segment reporting?

Group of answer choices

Segment reporting should be done for all operating segments.

The segment reporting is a line-of-business reporting and is a mandatory disclosure.

Segment reporting can help investors to forecast sales and earnings for future.

Segment reporting should include several key factors for foreign operations.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Which one is not a correct practice under the GAAP for segment reporting? Group of answer choices A-Segment reporting should be done for all operating segments. B-The segment reporting is a...

Q:

Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? (Please give explanation). Segment reporting should be done for all operating segments. The segment reporting...

Q:

15 pts Question 4 Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a...

Q:

Which one is not a correct practice under the GAAP for segment reporting? a. Segment reporting can help investors to forecast sales and earnings for future. b. Segment reporting should include...

Q:

Which one is not a correct practice under the GAAP for segment reporting? a. Segment reporting should include several key factors for foreign operations. b. Segment reporting can help investors to...

Q:

Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a line-of-business...

Q:

Question 4 Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? Segment reporting should be done for all operating segments. The segment reporting is a...

Q:

Which of the following statements is false concerning the number of operating segments that should be disclosed? Group of answer choices Even though an operating segment has been reportable in the...

Q:

This problem is a kind of final exam... so, i hope somebody done it fast. thanks Problem 1 Part A On March 31st 2016 Valasindo, Inc purchased 100 currency put option contract at $2/contract. Each...

Q:

Question 1 Precious Moments is a manufacturer of collectible ceramic figurines.Its variable cost to produce one figurine is $12.It then sells these figurines to a distributor for $25 each.The...

Q:

A rectangular barge is 14 m long, 6 m wide and 2 m deep. The center of gravity is 1.0 m from the bottom, and the barge draws l.5 m of seawater (sp.gr. = 1.03). Find the metacentric height and the...

Q:

A 50-fi lossless line is 4.2 m long. At the operating frequency of 300 MHz, the input impedance at the middle of the line is 80 j60. Find the input impedance at the generator and the voltage...

Q:

PROBLEM 8-3. Determining the Profit Maximizing Price RoverPlus, a pet product superstore, is considering pricing a new RoverPlus labeled dog food. The company will buy the premium dog food from a...

Q:

Hypothesis Testing of a Single Mean LCTCS Tuition: Louisiana Community And Technical College System consist of 2 community colleges across the state. I think RPCC's tuition and fees is lower than the...

Q:

Develop clear policy statements.

Q:

Draft a business plan.

Q:

Describe the guidelines for appropriate use of the direct plan.