Segment disclosures: ASC 280 defines the specific disclosures required for each reportable segment. The following are the quantitative and descriptive information that must be disclosed for each segment. General information must be disclosed regarding how the company identifies each reportable segment, type of products, and services. Amounts of each separately reportable segment must include each segment profit or loss and segment assets. Measurement of profit firm must disclose revenue of the company, interest earned, interest expenses, depreciation , and other expenses. Segment assets information about assets of each segment. Reconciliations to consolidated totals segment disclosure must include reconciliations between reportable segments. The recommendations that segment disclosures to be expanded to include the cereals and sports beverage segments in a memo to R.

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Chapter 13, Problem 13.7C

To determine

Introduction:

Segment disclosures: ASC 280 defines the specific disclosures required for each reportable segment. The following are the quantitative and descriptive information that must be disclosed for each segment.

General information must be disclosed regarding how the company identifies each reportable segment, type of products, and services.

Amounts of each separately reportable segment must include each segment profit or loss and segment assets.

Measurement of profit firm must disclose revenue of the company, interest earned, interest expenses, depreciation, and other expenses.

Segment assets information about assets of each segment.

Reconciliations to consolidated totals segment disclosure must include reconciliations between reportable segments.

The recommendations that segment disclosures to be expanded to include the cereals and sports beverage segments in a memo to R.

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