One Difference That Exists Between IFRS 8 and U

question 36

Multiple Choice

One difference that exists between IFRS 8 and U.S.GAAP is:

• 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:

Menstrual Disorders

A range of problems affecting the menstrual cycle, including heavy bleeding, painful periods, or absence of periods.

Amniocentesis

A medical procedure used in prenatal diagnosis, where a small amount of amniotic fluid is sampled from the amniotic sac around a developing fetus.

Amniotic Fluid

The protective liquid contained within the amniotic sac that surrounds and cushions a developing fetus during pregnancy.

Gestation Period

The duration of time between conception and birth in which an embryo or fetus develops inside the mother's womb.