In Accordance with AASB 8"Operating Segments",which of the Following Statements

question 17

Multiple Choice

In accordance with AASB 8"Operating Segments",which of the following statements is incorrect?

• A) If the total external revenue reported by operating segments constitutes less than 75 per cent of the entity's revenue, additional operating segments shall be identified as reportable segments until at least 75 per cent of the entity's revenue is included in reportable segments.
• B) Operating Segments that are not reportable are combined and disclosed as part of 'all other segments'.
• C) If management judges that an operating segment identified as a reportable segment in the immediately preceding period is of continuing significance, information about that segment shall continue to be reported separately in the current period even if it no longer meets the criteria for a reportable segment.
• D) Identification of operating segments in AASB 8 "Operating Segments" adopts a 'rules-based' approach, while its predecessor AASB 114 "Segment Reporting" adopts a 'principles-based' approach.
• E) None of the given answers

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Definitions:

Unilateral Imitation

The process of copying the actions or behaviors of another individual without reciprocal behavior from the other side.

Longitudinal Study

A research method that involves repeated observations of the same variables over a period of time, which can extend over years or decades.

Temperament

Temperament refers to the inherent aspects of an individual's personality, such as introversion or extroversion, which are evident from a very early age and are somewhat influenced by genetics.

Exuberant

Filled with or characterized by a lively energy and excitement.