One difference that exists between IFRS 8 and U.S.GAAP is:
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

Under U.S. GAAP, there is no requirement to report segment liabilities, whereas IFRS 8 requires the disclosure of segment liabilities if such information is regularly provided to the chief operating decision maker.

One Difference That Exists Between IFRS 8 and U