Which one of the following items must be disclosed for all reportable operating segments in the notes to financial statements? (I.) Revenue from external customers.
(II.) Total Segment Assets
(III.) Revenues from foreign customers, identified by country.
A) I, II, and III
B) I and III only
C) II and III only
D) I and II only
E) There is no requirement of information to disclose for operating segments.

Question

Quizplus · Accepted Answer

According to ASC 280, the disclosure requirements for reportable operating segments include revenue from external customers and total segment assets. While disclosure of revenue from foreign customers is allowed and encouraged, it is not mandatory for all reportable operating segments. Therefore, the only items that must be disclosed for all reportable operating segments are revenue from external customers and total segment assets.

Which One of the Following Items Must Be Disclosed for All