The Guidelines for Determining That a Segment Is Reportable in Accordance

question 8

Multiple Choice

The guidelines for determining that a segment is reportable in accordance with AASB 8 includes:

• A) The segment's equity is equal to or greater than 10 per cent of the total segment equity.
• 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 revenues are 10 per cent or more of the total segment revenues.
• D) The expenses of the segment that relate to external sales are equal to or greater than 10 per cent of total segment expenses and the segment's revenues are 10 per cent or more of the total segment revenues.
• E) None of the given answers.

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Definitions:

Compounded Daily

The process of calculating interest on both the initial principal and the accumulated interest from previous periods on a daily basis.

Interest

The cost of borrowing money or the return on investment for lending money, determined as a percentage of the principal amount.

Desired Amount

The specific sum of money or financial goal an individual or entity aims to achieve.

Monthly Rate

The interest rate or other fees assessed on a monthly basis, often used in loans and financial agreements.