Consider the Following List of Operating Segments and Segment Assets

question 30

Multiple Choice

Consider the following list of operating segments and segment assets for the current reporting period relating to Arwen Ltd, and answer the question below.

What is the minimum asset amount rounded to the nearest $1,000) that the Fast Food segment should have for that segment to be considered a reportable segment according to AASB 8?

• A) $83,000
• B) $106,000
• C) $174,000
• D) $184,000
• E) None of the given answers.

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Definitions:

Windpipe

Another term for the trachea, the large airway that leads from the throat (pharynx) to the lungs, allowing for air passage.

Nasal Cavity

A large air-filled space above and behind the nose in the middle of the face, part of the respiratory system, which filters, warms, and moistens air breathed in through the nose.

Larynx

An organ located in the neck of mammals that is involved in breathing, sound production, and protecting the trachea against food aspiration.

Voice Box

Also known as the larynx, it is the organ in the throat involved in breathing, sound production, and protecting the trachea against food aspiration.