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Caleb Koffler
on Oct 28, 2024

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Information reported or disclosed about the profit or loss of reportable segments consists of

A) a measure of operating profit or loss
B) segment revenues (separated into sales to external customers and intersegment sales)
C) interest revenue and interest expense
D) all of these choices

Reportable Segments

Segments of a business that must be disclosed separately in the company's financial reports due to their significant revenue, profitability, or other factors according to accounting standards.

Operating Profit

Earnings before interest and taxes (EBIT), calculated by subtracting operating expenses from gross profit.

Segment Revenues

Segment revenues refer to the income generated from a specific division or business unit within a larger corporation.

  • Learn the principles for identifying reportable segments within GAAP guidelines.
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AC
Alexandria CisloOct 29, 2024
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