AASB 8 Identifies Five Factors That Are to Be Considered

question 58

True/False

AASB 8 identifies five factors that are to be considered in determining whether or not products and services are related for the purposes of defining a business segment.It further specifies that the products and services included in a business segment must be similar with respect to all these factors.

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Definitions:

Sensational Riot

A violent public disorder that is dramatically exaggerated or highlighted in media or popular discussion.

Atlanta

The capital city of Georgia, known for its rich history in the civil rights movement and as a major cultural and economic center in the United States.

Prominent Black Citizens

Leading or well-known African American individuals who have made significant contributions to society.

Spanish Atrocities

Acts of cruelty and violence perpetrated by the Spanish during their conquests and colonial rule, particularly against indigenous peoples in the Americas.