In Accordance with AASB 8"Operating Segments",which of the Following Statements

question 58

Multiple Choice

In accordance with AASB 8"Operating Segments",which of the following statements is incorrect?

• A) The standard requires an entity to report financial and descriptive information about its reportable segments.
• B) Reportable segments are operating segments or aggregations of operating segments that meet specified criteria.
• C) The standard requires an entity to report a measure of operating segment profit or loss and of segment assets.
• D) Reportable segments exclude business activities for which it has yet to earn revenues (e.g. start-up operations).
• E) None of the given answers

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Definitions:

Cigarette Smoking

The act of inhaling and exhaling the smoke of burning tobacco encased in cigarettes, known to cause health issues including respiratory disorders and cancer.

Legal Drugs

Substances that are allowed by law for use, often including medications prescribed by medical professionals.

Illegal Drugs

Substances whose production, sale, or possession is prohibited by law due to their potential for abuse and harm.

Social Dimensions

Aspects or features of social life and interactions, including cultural, economic, and political facets.