In Reporting Segment Information,an Entity Must Provide a Reconciliation Of

question 14

Multiple Choice

In reporting segment information,an entity must provide a reconciliation of:

• A) reportable segment sales revenue to total revenue.
• B) reportable segment profit or loss before tax to total profit or loss before tax.
• C) reportable segment assets and liabilities to total assets and liabilities.
• D) all of the above.

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Definitions:

Contingent Liabilities

Potential obligations that may arise in the future due to past events, the occurrence and amount of which are uncertain.

Probable

A term used to describe something that is likely to occur or is likely true.