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Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? (Please give...

Q15-O4-Segment: Which one is not a correct practice under the GAAP for segment reporting? (Please give explanation).

Segment reporting should be done for all operating segments.

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

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

Segment reporting should include several key factors for foreign operation

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Answer #1

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Segment reporting should be done for all operating segments.

As reportable segments are only those segments which meet specific criteria , so segment reporting should be done for only that operating segments that fulfill specific criteria.

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