Which of the following is a difference that exists between IFRS 8 and U.S.GAAP?
A)There are no differences as the two pronouncements represent total convergence in segment reporting.
B)U.S.GAAP says that segment assets must be 5% or greater of the total combined assets to be separately disclosed.
C)U.S.GAAP does not require reporting of segment liabilities.
D)U.S.GAAP explicitly includes intangibles in the definition of long-lived assets for geographic disclosures.

Question

Quizplus · Accepted Answer

U.S. GAAP does not require the disclosure of segment liabilities, whereas IFRS 8 requires entities to report a measure of segment liabilities if such amounts are regularly provided to the chief operating decision maker.

Which of the Following Is a Difference That Exists Between