Under IFRS 8, Which of the Following Criteria Is NOT

question 41

Multiple Choice

Under IFRS 8, which of the following criteria is NOT considered by all segments that are considered reportable business segments?

• A)The segment must have revenue that is one-tenth or more of combined revenue.
• B)The segment must have profit that is 10% or more of combined profit of all segments with profit.
• C)The segment must have revenue that is more than half from external sources.
• D)The segment must have assets that are 10% or more of combined segment assets.

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Definitions:

Incentive to Acquire

Motivation or reason for individuals or entities to obtain or gain possession of assets.

Nonexcludable

Characterizes a good or service for which it is not possible to prevent individuals who do not pay from consuming it, leading to potential free-rider problems.

Nonpaying Customers

Individuals who receive a good or service without providing monetary compensation.

Externality

A cost or benefit caused by a producer that is not financially incurred or received by that producer.