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.

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Definitions:

Selfish Craving

An intense desire or want for something that prioritizes one’s own needs or pleasures over the well-being of others.

Four Noble Truths

Fundamental principles of Buddhism that outline the nature of suffering, its cause, its cessation, and the path leading to its cessation.

Attunement of Names

The process of bringing names into harmony or appropriate correlation, often in a symbolic or significant context.

Character Formation

The process of developing and shaping one's personal traits, ethics, and behaviors over time.