Question:
Total liabilities of a company’s reportable segments must be reported when the company provides
supplemental information on operating segments using:
a. IFRS.
b. U.S. GAAP.
c. Both U.S. GAAP and IFRS.
d. Neither U.S. GAAP nor IFRS.
Answer:
a. IFRS requires that companies disclose total liabilities of its reportable segments. This disclosure
is not required under U.S. GAAP
Total liabilities of a company’s reportable segments must be reported when the company provides
supplemental information on operating segments using:
a. IFRS.
b. U.S. GAAP.
c. Both U.S. GAAP and IFRS.
d. Neither U.S. GAAP nor IFRS.
Answer:
a. IFRS requires that companies disclose total liabilities of its reportable segments. This disclosure
is not required under U.S. GAAP
