Under AASB 8 Segment Profit Is the Difference Between

question 10

Multiple Choice

Under AASB 8 segment profit is the difference between:

• A)revenues from ordinary activities and expenses from ordinary activities
• B)revenues from operating activities and expenses from ordinary activities
• C)revenues and expenses internally reported to senior management
• D)revenues for the segment that corresponds to those reported in the comprehensive profit statement (same recognition and measurement rules applied)

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Definitions:

Automobile Industry

A sector of the economy that deals with the design, production, and selling of motor vehicles.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value for the individuals, their employers, or their community.

Educated Labor Force

Individuals within the workforce who have achieved a certain level of education, thereby possessing skills and competencies that contribute to higher productivity and innovation.

Industrial Market Countries

Economically advanced capitalist countries of Western Europe, North America, Australia, New Zealand, and Japan; also known as developed countries and high-income economies.