Examlex
Which of the following statement(s) is/are FALSE?
Reportable Segment
A component of an enterprise for which separate financial information is available and is evaluated regularly by the chief operating decision maker in deciding how to allocate resources.
External Customers
Individuals or entities that purchase goods or services from a company but are not part of the company itself.
Revenue
Income arising in the course of an entity’s ordinary activities.
Entity Wide Basis
An approach to financial reporting that presents the aggregate information of all segments and activities of an entity.
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