Which one is not a correct practice under the GAAP for segment reporting? Segmen

Question

Which one is not a correct practice under the GAAP for segment reporting?

Segment reporting should include several key factors for foreign operations.

Segment reporting can help investors to forecast sales and earnings for future.

Segment reporting should be done for all operating segments

The segment reporting is a line-of-business reporting and is a mendatory disclosure.

Segment reporting should include several key factors for foreign operations.

Segment reporting can help investors to forecast sales and earnings for future.

Segment reporting should be done for all operating segments

The segment reporting is a line-of-business reporting and is a mendatory disclosure.

Explanation / Answer

Segement reporting

Segment reporting should include several key factors for foreign operations.

Segment reporting should include several key factors for foreign operations.

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