Which of the Following Statements Is Correct

question 4

Multiple Choice

Which of the following statements is correct?
Leaning Objective 21.4 Briefly compare IFRS 8 with its predecessor standard IAS 14.

• A) IFRS 8 requires additional disclosures about any reliance on major customers.
• B) IFRS 8 requires an entity to identify primary and secondary segments.
• C) IFRS 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) IFRS 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:

Endangered

refers to species that are at serious risk of extinction in the wild in the near future if the factors threatening their survival and reproduction do not improve.

Household Pets

Domesticated animals kept for companionship or pleasure rather than for work or survival.

Extirpated

Refers to a species that has been removed or destroyed entirely from a specific geographic area, though it exists elsewhere.

Prey Species

Animal species that are hunted and consumed as food by predator species in an ecological community.