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Operating segments may only be combined if they have similar economic characteristics.
Operating Segments
Components of an enterprise that engage in business activities from which they may earn revenues and incur expenses, including revenues and expenses related to transactions with other components of the same enterprise.
Similar Economic Characteristics
A term used in financial analysis and consolidation to refer to entities or segments within enterprises that share similar economic environments, risks, and returns.
Combined
In financial terms, refers to the aggregation of financial data from several departments or business entities within a corporation to provide a complete financial profile.
- Establish the standards for the identification of reportable segments.
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Learning Objectives
- Establish the standards for the identification of reportable segments.
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