An Enterprise Determines That It Must Report Segment Data in Annual

question 6

Multiple Choice

An enterprise determines that it must report segment data in annual reports for the year ended December 31, 2017. Which of the following would NOT be an acceptable way of reporting segment information?

• A) Within the body of the financial statements, with appropriate explanatory disclosures in the footnotes
• B) Entirely in the footnotes to the financial statements.
• C) As a special report issued separately from the financial statements.
• D) In a separate schedule that is included as an integral part of the financial statements.

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Definitions:

Historical Data

Information from the past, used for analysis or reference, which can include financial records, sales figures, or operational metrics to guide decision-making.

Contingency Planning

The process of developing strategies to address possible future events or circumstances that could negatively impact operations.

Alternative Courses

Different paths or strategies that can be pursued to achieve a specific goal or resolve a problem.

Changing Circumstances

Situations that evolve over time, necessitating adjustments in strategy, plans, or behavior.