_____ Which of the following items does FAS 131 require to be included in the measure of profitability used by the CODM in managing segments?
A) Goodwill amortization expense.
B) Extraordinary items.
C) Interest revenues.
D) Interest expense.
E) None of the above.

Question

Quizplus · Accepted Answer

FAS 131 does not specify particular items to be included in the measure of profitability; it requires that the measure used by the CODM (Chief Operating Decision Maker) in managing segments be disclosed, which may vary by company.

_____ Which of the Following Items Does FAS 131 Require