AASB 8 Requires That

question 14

Multiple Choice

AASB 8 requires that:

• A) Reportable segments must individually constitute less than 75 per cent of the entity's total revenues.
• B) The total revenues attributable to the reportable segments must be equal to or greater than 75 per cent of the entity's total revenues.
• C) The total external revenues attributable to reportable segments must equal at least 75 per cent of the entity's total revenues.
• D) The sum of the individual reportable segment's profits or losses must be equal to or greater than 75 per cent of the entity's absolute amount of profit or loss.
• E) None of the given answers.

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Definitions:

Flashbulb Memories

Highly detailed, exceptionally vivid 'snapshot' memories of the moment and circumstances in which surprising and consequential (or emotionally arousing) news was heard.

Rehearsed

Practiced or gone over in preparation, typically to improve performance or memorization.

Vividness

The quality of being strikingly bright, full of life, or very clear to the senses or mind.

Confidence

The belief in one's own abilities or qualities, leading to a sense of self-assurance.