Consider the Following List of Operating Segments and Segment Results

question 20

Multiple Choice

Consider the following list of operating segments and segment results for the current reporting period relating to Legolas Ltd,and answer the question below. $$\begin{array} { | l | r | } \hline \text { Operating segment } & \begin{array} { l } \text { Segment assets } \\\text { profit (loss) in \$ }\end{array} \\\hline \text { Paper products } & 317000 \\\hline \text { Office products } & ( 150000 ) \\\hline \text { Publishing } & ? \\\hline \text { Multimedia } & ( 880000 ) \\\hline \text { Other operations } & 75000\\\hline\end{array}$$ What is the minimum loss (rounded to the nearest $1000) that the publishing segment could have made for that segment to be considered a reportable segment according to AASB 8?

• A) ($39 000)
• B) ($114 000)
• C) ($103 000)
• D) ($142 000)

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Definitions:

Good Faith

The assumption that parties in a transaction will act honestly and not seek to deceive or defraud each other.

Primary Boycott

A boycott against an employer with whom the union is directly engaged in a labor dispute.

Labor Dispute

A disagreement between workers and their employer, often over wages and working conditions.

Representation Election

A process in labor relations where workers vote to decide whether they wish to be represented by a union.