Which of the Following Is a Difference That Exists Between

question 33

Multiple Choice

Which of the following is a difference that exists between IFRS 8 and U.S.GAAP?

• A)There are no differences as the two pronouncements represent total convergence in segment reporting.
• B)U.S.GAAP says that segment assets must be 5% or greater of the total combined assets to be separately disclosed.
• C)U.S.GAAP does not require reporting of segment liabilities.
• D)U.S.GAAP explicitly includes intangibles in the definition of long-lived assets for geographic disclosures.

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Definitions:

Diversification Benefit

The reduction of risk achieved by allocating investments among various financial instruments, industries, or other categories to maximize return.

Correlation Coefficients

A statistical measure that describes the extent to which two variables change together.

Systematic Risk

Systematic risk refers to the risk inherent to the entire market or market segment, often influenced by factors like economic, political, and social changes.

Beta

A measure of the volatility or systematic risk of a security or a portfolio compared to the market as a whole.