Which Operating Segments Are Considered to Be Reportable Under AASB

question 36

Multiple Choice

Which operating segments are considered to be reportable under AASB 8 using the absolute amount of its reported profit or loss qualitative threshold?

• A) All segments are reportable.
• B) Retail and agriculture.
• C) Retail, agriculture and brewing
• D) Retail, agriculture and chemicals
• E) None of the given answers

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Definitions:

Milling

A mechanical process that involves grinding, cutting, or crushing materials to create finer particles.

Subsurface Oil

Oil deposits located beneath the surface of the Earth, typically extracted through drilling operations.

Overthrust Belt

A region in the earth's crust where large areas of rock have been moved over one another typically due to compressional forces.

Anticline

A type of fold that is convex up and has its oldest beds at its core, often associated with the trapping of petroleum.