Which of the Following Information Is Not Required to Be

question 13

Multiple Choice

Which of the following information is not required to be disclosed by entities complying with AASB 8?

• A) the identity of external customers from which the entity earns at least 10% of its revenue;
• B) the total of the reportable segments' liabilities to the entity's liabilities;
• C) the nature and effect of the changes in measurement of segment profit or loss;
• D) revenues from external customers located in foreign countries.

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Definitions:

Rent Revenue

Earnings from property that is leased to others for use.

Revenue Accounts

Accounts that track the income earned from a company's primary operations and other activities.

Closing Entries

Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.

Accounting Period

The span of time at the end of which a company calculates its financial performance, typically a quarter or year.