What is the difference of segment reporting and operating segments? Are they interrelated? Please explain in simple term.
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1. What is the difference of segment reporting and operating segments? Are they interrelated? Please explain in simple term.
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- Which among the following form of reporting is best suited for comparison? a. Narrative form b. Tabular form c. Graphical form d. Descriptive formWhy is the reporting of segment information required? Justify your response. Why is the reporting of estimates and assumptions required? Justify your response.