Statement1: Segment reporting shall apply to the separate or individual and consolidated financial statements of entities whose equity or debt instruments are traded in a public market. Statement 2:...

question 37

choose the correct answer from the choices

Extracted text: Statement1: Segment reporting shall apply to the separate or individual and consolidated financial statements of entities whose equity or debt instruments are traded in a public market. Statement 2: If a financial report contains both the consolidated and the separate financial statements of the parent, segment information must be presented on both the consolidated and separate financial statements. Statement 1 and Statement 2, respectively, are: * O True False O False True False False O TrueTrue