Under IFRS 8, Certain Reconciliations, Such as Total Reportable Segment

question 21

Multiple Choice

Under IFRS 8, certain reconciliations, such as total reportable segment revenues to the entity's revenues, are required. Why are these reconciliations required?

• A)To prove that the consolidated financial statements balance
• B)To ensure that all reportable segments have been identified
• C)To show the relative contribution of each segment to the total
• D)To show how reportable segments were identified

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Definitions:

Identical Twins

Genetically identical siblings conceived from the same sperm and egg, sharing 100% of their DNA.

Fraternal Twins

Twins originating from the fertilization of two unique eggs by two separate sperm, making them genetically different from one another.

Personalities

Personalities refer to the combination of characteristics or qualities that form an individual's distinctive character, influencing their patterns of thought, feelings, and behaviors.

Genetic Influences

Refers to how genetic factors contribute to the development and behavior of an organism.