AASB 8 Does Not Require Disclosure of a Reportable Segment

question 40

True/False

AASB 8 does not require disclosure of a reportable segment if a segment is mainly transacting with related parties.

---

Definitions:

Self-propulsion

The ability of an object or being to move itself using internal force, without the need for external aid.

Monozygotic Twins

Twins that originate from a single fertilized egg, sharing identical genetic material and usually very similar physical traits.

Genes

Units of heredity made up of DNA, acting as instructions to make molecules called proteins, vital for building and maintaining the body’s cells and organs.

Preeclampsia

A condition in pregnancy characterized by high blood pressure, often with fluid retention and proteinuria.