perez industries a publicly held corporation consists of several companies each of which provides an array of products and services to/

Required:
A. To what extent does the management of Perez Industries have a choice in deciding whether an operating segment must be reported?
B. The directors of Perez Industries presumably feel that too much disclosure of financial information will impair the overall utility of the financial statements. What are the arguments against segmental disclosures? What flexibility, if any, does the FASB allow that could invalidate this criticism? Explain.
C. Explain the needs for segment reporting. Why do consolidated financial statements fail to meet these needs?
D. Relate the concept of comparability to the required accounting treatment for intersegment transactions. What arguments would favor excluding the effect of intersegment transfers?