Under AASB 8 the Following Factors Are Relevant to Deciding $\quad$

question 4

Multiple Choice

Under AASB 8 the following factors are relevant to deciding if a segment is a reportable segment:
I. $\quad$ the majority of segment revenues arise from external transactions
II. $\quad$ Isegment sales revenue to external customers and other segments is 10% or more of total segment revenue for all segments
III. $\quad$ absolute amount of segment profit is more than 10% of the greater of (a) the aggregate segment profit for all segments with a negative segment profit (segment loss) and (b) the aggregate segment profit for all segments with a positive segment profit
IV. $\quad$ the segment's assets are more than 10% of total assets for all segments
A segment is a reportable segment if the following tests are satisfied:

• A)II and III only
• B)I and at least one of II, III and IV
• C)any one of II, III and IV
• D)one only of I, II, III and IV

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Definitions:

Intrinsic Factor

Factor secreted by the parietal cells of gastric glands and required for adequate absorption of vitamin B12.

Mucous Cells

Specialized cells present in various glands and tissues that produce and secrete mucus.

Parietal Cells

Cells located in the lining of the stomach that secrete hydrochloric acid and intrinsic factor.

Chief Cells

Cells found in the stomach lining that secrete pepsinogen, an enzyme precursor important for digestion of proteins.