Gooseberry Corp

question 47

Multiple Choice

Gooseberry Corp. is a multidivisional corporation that has both intersegment sales and sales to external customers. Gooseberry should report segmented financial information for each division meeting which of the following IFRS criteria?

• A) segment profit or loss is 10% or more of consolidated profit or loss
• B) segment profit or loss is 10% or more of combined profit or loss of all company segments
• C) segment revenue is 10% or more of combined revenue of all the company segments
• D) segment revenue is 10% or more of consolidated net income

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Definitions:

Prior Experiences

Previous events or interactions that influence one's behavior, learning, and decision-making in the present.

Behaviour

The actions or reactions of an organism or system, usually in response to external stimuli.

Environment

The surroundings or conditions in which a person, animal, or plant lives or operates, including both natural and built factors.

John Watson

An American psychologist who is considered one of the founders of behaviorism, emphasizing the importance of observable behaviors over internal psychological processes.