Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION 25 Your client wants to know more about segment reporting. The client is a new companying its financials with the SEC for the first

image text in transcribed
image text in transcribed
image text in transcribed
QUESTION 25 Your client wants to know more about segment reporting. The client is a new companying its financials with the SEC for the first time In reading the Hoyle textbook, the client shows you a sentence from the textbook "To enhance the value of the disa pregated information a substantial pation of a company's operation should be presented individually disclosed." Explain the sufficiency rule that must be met under US GAAP for the number of segments reported. What financial information (account) would we use? What is the threshold? (Precision and nomenclature matter) TTT Aria GiX T.EE 3 [12pt QUESTION 25 Your client wants to know more about segment reporting. The client is a new company fding its financials with the SEC for the first time. In reading the Hoyle textbook, the client shows you a sentence from the textbook "To enhance the value of the disaggregated information, a substantial potion of company's operation should be presented individually disclosed." Explain the sufficiency rule that must be met under US GAAP for the number of segments reported. What financial information (account) would we use? What is the threshold? (Precision and nomenclature matter) QUESTION 25 Your client wants to know more about segment reporting. The client is a new company filing its financials with the SEC for the first time. In reading the Hoyle textbook, the client shows you a sentence from the textbook To enhance the value of the disaggregated information, a substantial potion of a company's operation should be presented individually disclosed." Explain the sufficiency rule that must be met under U.S. GAAP for the number of segments reported. What financial information faccount would we use? What is the threshold? (Precision and nomenclature matter)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Edition

0470377852, 978-0470377857

More Books

Students also viewed these Accounting questions

Question

Why are most large businesses organized as corporations?

Answered: 1 week ago

Question

Why does every accounting transaction have two effects?

Answered: 1 week ago