According to AASB 8,"where Total External Revenues Attributable to Reportable

question 60

Multiple Choice

According to AASB 8,"where total external revenues attributable to reportable segments constitute less than 75 per cent of the entity's total revenues"...

• A) additional reportable segments must be identified in accordance with the definition of reportable segments, until at least 75 per cent of the entity's total revenues are included in reportable segments.
• B) the entity reports those segments already identified as reportable, even though they constitute less than 75 per cent of the entity's total revenues.
• C) additional segments must be identified as reportable segments, even if they do not qualify as reportable segments, until at least 75 per cent of the entity's total revenues are included in reportable segments.
• D) the entity considers whether total external revenues attributable to reportable segments constitute greater than 75 per cent of the entity's total external revenues, and if so, report those segments already identified.
• E) the entity considers whether total assets of the reportable segments constitute greater than 75 per cent of the entity's total assets, and if so, report those segments already identified.

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Definitions:

Underwriting Spread

The difference between the amount underwriters pay to acquire securities from the issuer and the price at which they sell these securities to investors.

Shares

Portions of ownership in a corporation or financial asset available to investors.

Market Value

Market value is the current price at which an asset or service can be bought or sold in a marketplace, reflecting the value that market participants assign to it.

Shares

Represent units of ownership interest in a corporation or financial asset, providing a means for corporations to raise capital.