B is corrent. Per ASC Topic 280, the enterprise shall disclose the following about each reportable segment if the specified amounts are reviewed by the chief operating decision maker:| 1. | Revenues from external customers | | 2. | Intersegment revenues | | 3. | Interest revenue and expense (reported separately unless majority of segment’s revenues are from interest and management relies primarily on net interest revenue to assess performance) | | 4. | Depreciation, depletion, and amortization expense | | 5. | Unusual items, extraordinary items | | 6. | Equity in the net income of investees accounted for by the equity method | | 7. | Income tax expense or benefit | | 8. | Significant noncash item |
Cost of goods sold is not specifically included as a required disclosure.A is incorrect. Per ASC Topic 280, the enterprise shall dislocse unusual items and extraordinary items. C is incorrect. Per ASC Topic 280, the enterprise shall dislcose income tax expense or benefit. D is incorrect. Per ASC Topic 280, the enterprise shall disclose intersegment revenues. |
