The Guidelines to Determine That a Segment Is Reportable in Accordance

question 42

Multiple Choice

The guidelines to determine that a segment is reportable in accordance with AASB 8 "Operating Segments" includes:

• A) The segment's assets are equal to or greater than 10 per cent of the entity's total assets.
• B) The expenses of the segment that relate to external sales are equal to or greater than 10 per cent of total segment expenses.
• C) The segment's assets are 10 per cent or more of the combined assets of all operating segments.
• D) The expenses of the segment that relate to external and internal sales are equal to or greater than 10 per cent of total segment expenses.
• E) None of the given answers.

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Definitions:

Monthly Income

The total amount of income earned or received by an individual or household within a month.

Quantities

Amounts or volumes of a product, substance, or item, usually measured or counted.

Monthly Income

The total amount of income or earnings generated by an individual or entity in a month.

Budget Constraint

A financial limit that represents the combination of goods and services an individual can purchase with their available income.