Under AASB 8/IFRS 8 All Entities to Which the Standard

question 16

Multiple Choice

Under AASB 8/IFRS 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:

Unusual Circumstances

pertains to events or conditions that are not part of the normal course of events and often require special consideration or response.

Outboard Motors

Outboard motors are a type of propulsion system for boats, typically mounted on the outside of the hull, used to steer and power a vessel.

Opportunity Cost

The advantages that a person, investor, or company forfeits when they opt for one option instead of another.

Outboard Motors

Engines mounted on the outside of the stern of a boat, used to propel the vessel through the water.