The Following Information Is Provided for Gandalf LtD

question 24

Multiple Choice

The following information is provided for Gandalf LtD. The only inter-segment sales within the entity are that the marine transport segment's revenues are 35 per cent from inter-segment sales and the light manufacturing segment has 60 per cent of its sales generated through inter-segment sales.Which segments are reportable according to the guidelines provided in AASB 114?

• A) Business segments: Retailing, marine transport, general insurance; Geographical segments: Australia, US.
• B) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, Europe, US.
• C) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, US.
• D) Business segments: Retailing, light manufacturing, mining, marine transport, general insurance; Geographical segments: Australia, Europe, US.
• E) None of the given answers.

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Definitions:

Dorsalis Pedis

An artery located on the top of the foot that supplies blood to the area, palpation of which can be important in assessing peripheral circulation.

Popliteal

Pertaining to the area behind the knee where the popliteal artery, vein, and nerves are located.

Jugular Veins

Veins that pass to the superior vena cava just above the right atrium.

90-degree Angle

An angle that measures 90 degrees, forming a perfect quarter circle or right angle.