The Thresholds for Segmental Financial Reporting Exclude ________

question 9

Multiple Choice

The thresholds for segmental financial reporting exclude ________.

• A)10% of total internal and external revenues
• B)10% of total internal and external expenses
• C)10% of total assets
• D)10% of the absolute value of the larger of aggregate segment profits or aggregate segment losses

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Definitions:

Management Contract

An agreement between two parties wherein one party agrees to manage the operations of a project or business on behalf of the other for a predetermined period and fee.

Anticipated Cash Outflow

The expected amount of money to be spent in the future for expenses, purchases, or investments.

Compounded Quarterly

Interest calculation method where the earned interest is added to the principal at the end of each quarter, then new interest is calculated on the new total.

Interest

The cost of borrowing money or the earnings from lending money, paid as a percentage over a period of time.