According to AASB 8,"where Total External Revenues Attributable to Reportable

question 60

Multiple Choice

According to AASB 8,"where total external revenues attributable to reportable segments constitute less than 75 per cent of the entity's total revenues"...

• A) additional reportable segments must be identified in accordance with the definition of reportable segments, until at least 75 per cent of the entity's total revenues are included in reportable segments.
• B) the entity reports those segments already identified as reportable, even though they constitute less than 75 per cent of the entity's total revenues.
• C) additional segments must be identified as reportable segments, even if they do not qualify as reportable segments, until at least 75 per cent of the entity's total revenues are included in reportable segments.
• D) the entity considers whether total external revenues attributable to reportable segments constitute greater than 75 per cent of the entity's total external revenues, and if so, report those segments already identified.
• E) the entity considers whether total assets of the reportable segments constitute greater than 75 per cent of the entity's total assets, and if so, report those segments already identified.

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Definitions:

Tradable Emissions Permits

Tradable Emissions Permits are allowances to emit limited quantities of pollutants that can be bought and sold, aiming to reduce overall emissions in a cost-effective manner.

Environmental Standards

Regulations and criteria set by governments or international bodies to control the level of pollutants and manage the impact on the environment.

Pollution Reduction

Measures or actions taken to decrease the amount of pollutants being released into the environment.

Negative Externality

A cost that affects a party who did not choose to incur that cost, often associated with environmental damage, public health issues, or other societal impacts.