The Following Information Is Provided for Gandalf LtD

question 5

Multiple Choice

The following information is provided for Gandalf LtD.

The only inter-segment sales within the entity are that the marine transport segment's revenues are 35 per cent from inter-segment sales and the light manufacturing segment has 60 per cent of its sales generated through inter-segment sales. Which segments are reportable according to the guidelines provided in AASB 114?

• A) Business segments: Retailing, marine transport, general insurance; Geographical segments: Australia, US.
• B) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, Europe, US.
• C) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, US.
• D) Business segments: Retailing, light manufacturing, mining, marine transport, general insurance; Geographical segments: Australia, Europe, US.
• E) None of the given answers.

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