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:

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.