Which of the Following Statements Regarding Requirements for Segment Disclosures

Multiple Choice

Which of the following statements regarding requirements for segment disclosures is most accurate?

A) Segment disclosures must include most of the items found in financial statements for the entire enterprise.
B) Segment reporting is generally applied in a similar fashion in various companies,since the requirement are detailed and inflexible.
C) Segment reporting requirements are so flexible that firms can often resist disclosing information they would prefer to keep confidential.
D) Segment reporting is not required for any entities;the standards are concerned with determination of segment information if a company wishes to disclose it.