alleryStart learning →Segment information is prepared using whose accounting policies?
AThe whole enterprise
BThe industry association
CEach separate segment
DThe previous auditor
Answer & Solution
Correct answer: A. The whole enterprise
Segment data follows the policies adopted for the financial statements of the enterprise as a whole.
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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?