Which of the following statements is not true under U.S. GAAP?a) Operating segments can be determined by looking at a company’s organization chartb) companies must combine individual foreign countries into geographic areas to comply with the geographic area disclosure requirementsc) companies that define their operating segments by product lines must provide revenue and asset information for the domestic country, for all foreign countries in total, and for each material foreign countryd) companies must disclose total assets, investment in equity method affiliates, and total expenditures for long-lived assets by operating segmentQuestion:Which of the following statements is not true under U.S. GAAP?a) Operating segments can be determined by looking at a company’s organizationchartb) companies must combine individual…
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