AASB 8 Requires

question 72

Multiple Choice

AASB 8 requires:

• A) the segments to be identified as business segments or geographical segments.
• B) the amount reported for each operating segment item to be the measure reported to the chief operating decision maker.
• C) the reporting entity to determine its primary reporting format.
• D) the segments to be based on the location of assets or location of customers.

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Definitions:

Protected Goods

Goods that are safeguarded from competition by trade barriers such as tariffs or quotas.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries.

Suzuki Motorcycle

A brand of motorcycles manufactured by the Japanese company Suzuki, known for their reliability, performance, and innovation.

Safety Guidelines

Established protocols or rules designed to maintain safe operations and protect individuals from harm.