Which of the above statements pertain to FASB 8?
A)(i)
B)(i) and (ii)
C)(iii) and (iv)
D)(i), (ii), and (iii)

Question

Quizplus · Accepted Answer

Statement (i) pertains to FASB 8 because it requires disclosure of segment information. Statement (ii) also pertains to FASB 8 because it specifies the criteria for identifying reportable segments. Therefore, choice B is correct as it includes both statements (i) and (ii). Statements (iii) and (iv) do not pertain to FASB 8, as they refer to different accounting standards.

Which of the Above Statements Pertain to FASB 8