Chapter 5 - Segment Reporting Flashcards
1
Q
Who requires disclosure of segment liabilities?
A
IFRS requires, GAAP does not
2
Q
What are not considered operation segments?
A
Corporate Headquarters and Pension Plans
3
Q
When is segment reporting not needed?
A
If one segment is > 90%
4
Q
A segment must be separately reported if:
A
Any segment is > 10% of Revenue, P/L, or Assets and it must sum to 75%.
