According to IFRS 8 (Segment Reporting),which Is Not One of the Three

question 25

Multiple Choice

According to IFRS 8 (Segment Reporting) ,which is not one of the three criteria for defining an operating segment?

• A)An operating segment can't merely be a lessor.
• B)An operating segment is a component of a business that generates revenues.
• C)An operating segment is a component of a business whose operating results are regularly reviewed by the chief operating officer.
• D)An operating segment has separate financial information available.

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Definitions:

Mutual Agreement

A consensus reached by two or more parties where the terms of an engagement or deal are accepted by all involved.

Limited Life

Refers to the finite existence of certain assets, indicating they will only last for a specific period before ceasing to be useful.

Prime-Time Television

The time period in the evening when television viewership is at its highest and networks air their most popular programs.

Latino Families

Refers to families of Latin American origin or descent, often characterized by strong family ties, cultural traditions, and values.