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:

Effectiveness

The degree to which something is successful in achieving a desired result or outcome, often used to evaluate processes or treatments.

Biological Control

The process of controlling pests and diseases using other living organisms, such as predators, parasites, or pathogens.

Self-Perpetuating

A process or mechanism that has the ability to continue indefinitely without external input, often through a cycle that sustains itself.

Pesticide Poisoning

A health condition caused by exposure to harmful chemicals used to kill pests, which can lead to a range of acute or chronic symptoms.