The Following Segment Information Relates to Tolkein Enterprises: Applying

question 52

Multiple Choice

The following segment information relates to Tolkein Enterprises: Applying the tests for identifying a reportable segment in accordance with AASB 8,which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?

• A) Reportable segments: Mechanical engineering and retailing, 75 per cent test satisfied. No
• B) Reportable segments: Industrial manufacturing, mechanical engineering and retailing; 75 per cent test satisfied. Yes
• C) Reportable segments: Project consulting, mechanical engineering and retailing; 75 per cent test satisfied. Yes
• D) Reportable segments: Industrial manufacturing, project consulting, mechanical engineering and retailing; 75 per cent test satisfied. No
• E) None of the given answers.