Which of the Following Statements Is Correct

question 24

Multiple Choice

Which of the following statements is correct?

• A) AASB 8 requires additional disclosures about any reliance on major customers.
• B) AASB 8 requires an entity to identify primary and secondary segments.
• C) AASB 8 requires that the majority of a segment's revenue be from external sources in order for it to be identified as a reportable segment.
• D) AASB 8 requires that the amount of each segment item reported be the measure determined in accordance with the entity's IFRS accounting policies.

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Definitions:

Empirical Evidence

Information acquired by observation or experimentation that is used to confirm or disprove a hypothesis or theory.

Pop Psychology

A term for the concepts and theories about human mental life and behavior that are purportedly based on psychology and that find popularity among the general public.

Assumptions

Beliefs or statements taken for granted without proof, often serving as the foundation for further reasoning or arguments.

Current Research

Refers to the latest studies and findings in the field of psychology, focusing on advancing our understanding of the mind and behavior.