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