Which one of the following operating segment disclosures is not required by GAAP?
A)Total Assets
B)Equity
C)Intersegment sales
D)Extraordinary items

Question

Quizplus · Accepted Answer

Equity is not a required disclosure for operating segments under GAAP. GAAP focuses on segment reporting on revenues, profit or loss, certain specific expenses, and assets. Equity disclosures are generally at the consolidated entity level, not at the segment level.

Which One of the Following Operating Segment Disclosures Is Not