Which Operating Segments Are Considered to Be Reportable Under AASB

question 36

Multiple Choice

Which operating segments are considered to be reportable under AASB 8 using the absolute amount of its reported profit or loss qualitative threshold?

• A) All segments are reportable.
• B) Retail and agriculture.
• C) Retail, agriculture and brewing
• D) Retail, agriculture and chemicals
• E) None of the given answers

---

Definitions:

Multi-step Income Statement

An income statement that segregates total revenues and expenses into operating and non-operating categories, providing a detailed view of a company's financial performance.

Bond Discount

The disparity in value when a bond's selling price is beneath its designated face value.

Semiannual Interest

Interest that is computed and disbursed semi-annually, commonly associated with bonds and loans.

Straight-line Method

An approach to calculate depreciation or amortization by equally dividing the asset's expense over its useful life.