Which of the following is not required under current GAAP for disaggregated information relating to geographic area information?
A) Revenues from external customers from the home country of the firm and from all foreign countries in total.
B) The total of long-lived assets located in the firm's home country and located in foreign countries.
C) Operating profits from external customers from the home country of the firm and from all foreign countries in total.
D) Revenues for any foreign country for which the revenues from that country are material to the firm.

Question

Quizplus · Accepted Answer

Under current GAAP, disaggregated geographic information must include revenues from external customers for both the home country and all foreign countries in total, the total of long-lived assets located in both the home country and foreign countries, and revenues for any foreign country that are material to the firm. Operating profits are not specifically required to be disaggregated by geographic area under current GAAP.

Which of the Following Is Not Required Under Current GAAP