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Author Question: One thing that is missing from GAAP-based segment reporting is a breakdown of (Read 45 times)

meganh99

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Question 1

Generally Accepted Accounting Principles (GAAP) require companies to report
◦ information based on responsibility centers.
◦ selected information about operating segments in the annual report.
◦ financial statements using a cash basis.
◦ information in a segment margin format.

Question 2

One thing that is missing from GAAP-based segment reporting is a breakdown of
◦ variable and fixed costs.
◦ gross margin and net income.
◦ cost of goods sold and operating costs.
◦ product and period costs.


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Marked as best answer by meganh99 on Feb 5, 2023

tharris7314

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meganh99

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Reply 2 on: Feb 5, 2023
Great answer, keep it coming :)


brbarasa

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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