Under AASB 8 All Entities to Which the Standard Applies

question 30

Multiple Choice

Under AASB 8 all entities to which the standard applies are required to disclose:

• A) a reconciliation of total segment expenses to total consolidated expenses;
• B) factors used to identify all segments;
• C) the basis of accounting for any transactions between reportable segments;
• D) a measure of segment liabilities.

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Definitions:

Inferences

Conclusions or deductions made based on evidence and reasoning, rather than direct observations, often used in research to derive findings from data.

Experimental Expectations

Anticipated results or outcomes of a scientific experiment based on hypotheses and prior knowledge.

Construct Validity

The degree to which a test measures what it claims to be measuring, reflecting the accuracy of an operationalization of a theoretical construct.

Regression Toward

A statistical phenomenon where extreme values in data are likely to be followed by, or associated with, less extreme values.