You Are the CODM of Sgt

Multiple Choice

You are the CODM of Sgt. Pepper's Pizzeria, a publicly traded pizza entity in Liverpool, England. You currently have two subsidiaries that qualify as separate segments - Penny Lane Pizzas (A) and Lovely Rita's Pizzas (B) . Due to inefficient distribution of assets, you determine that an organizational overhaul is needed. You decide to add another separate segment - Paul's Famous Pizza Pies (C) , and combine A and B into a single reportable segment - Dear Prudence Pizzas (D) . The changes take effect this year. How will these new segments be presented in this year's financial statements?

A) Only A and B (old basis) will be shown
B) Only A and B (old basis) will be shown with restated comparative information for earlier periods
C) Only C and D (new basis) will be shown
D) Only C and D (new basis) will be shown with restated comparative information for earlier periods