alleryStart learning →What normally forms the basis for identifying an enterprise's segments?
ATax office classification
BAuditor's own preference
CStock exchange category
DInternal reporting structure
Answer & Solution
Correct answer: D. Internal reporting structure
Because risks drive how firms are managed, organisation and internal reporting usually show the segments.
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Related questions
Segment result includes interest expense. Segment liabilities then include what?Each business segment must be described by indicating what?A change in how revenues and expenses are allocated to segments leaves what unchanged?A material segment policy change needs nature and what else?On what basis are inter-segment transfers measured?If geography is primary, what is reported for large business segments?With business segments primary, which geographical segments need secondary revenue data?The reconciliation ties segment result to which enterprise item?