Which of the following is a provision of SFAS No. 131?
a. Segment liabilities must be reported, but reported segment assets is optional.
b. Reconciliation of segment profit or loss to consolidated profit of loss must be done before income taxes.
c. A segment is constituted by having 20% or more of combined revenue of all operating segments.
d. Segment reporting is based on the way management organizes the segments for making operating decisions and assessing performance.
ANSWER: D
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