IFRS 8 Prescribes That an Operating Segment Must Be Identified

question 10

Multiple Choice

IFRS 8 prescribes that an operating segment must be identified on the basis of: Leaning Objective 18.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.

• A) geographic location;
• B) predominant sources of risks and returns;
• C) the way information is reported internally to the CODM;
• D) the usefulness of financial information available to users.

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Definitions:

Strings

Objects composed of fibers twisted or braided together, or a fundamental concept in programming representing sequences of characters.

Celery

A plant of the family Apiaceae, commonly used as a vegetable, known for its crunchy stalks.

Genetically Identical

Having the same genetic material or DNA sequence. In biology, this usually refers to organisms or cells produced through processes such as cloning.

Plant Cells

Cells that make up plant tissues, distinguished by their rigid cell walls, chloroplasts for photosynthesis, and large central vacuole.