The Guidelines to Determine That a Segment Is Reportable in Accordance

question 24

Multiple Choice

The guidelines to determine that a segment is reportable in accordance with AASB 8 Operating Segments includes:

• A) The segment's assets are equal to or greater than 10 per cent of the entity's total assets.
• B) The expenses of the segment that relate to external sales are equal to or greater than 10 per cent of total segment expenses.
• C) The segment's assets are 10 per cent or more of the combined assets of all operating segments.
• D) The expenses of the segment that relate to external and internal sales are equal to or greater than 10 per cent of total segment expenses.

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Definitions:

Primary Operating Principle

The foundational idea or rule that guides the functionality or behavior of a system or organization.

Seed-stage Company

A business that is at the initial phase of its operations, typically seeking early-stage funding to develop its product or service.

Anticipation

The act of expecting or predicting future events or needs.

Future Growth

This refers to the expected increase in size, value, or importance of a company, market, or economy over time.