Segment Reporting
With respect to interim reporting, FASB addresses examples of costs that benefit more than one accounting period (i.e., month) and how these costs should be accounted for on interim reports. Please provide three examples of these types of costs, the requirement for reporting them, and also indicate which FASB rule governs the application of the process.
Please use the following information below to access the FASB Codification:
FASB Codification https://asc.fasb.org/1943274/2147482989/270-10-45-8
With respect to interim reporting, FASB addresses examples of costs that benefit more than one accounting period (i.e., month) and how these costs should be accounted for on interim reports. Please provide three examples of these types of costs, the requirement for reporting them, and also indicate which FASB rule governs the application of the process.
Please use the following information below to access the FASB Codification:
FASB Codification https://asc.fasb.org/1943274/2147482989/270-10-45-8
Reminder: Your initial posting should be 250-500 words
