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:

R

Often used as a symbol representing the interest rate or rate of return in financial equations.

Budgeted Sales

The projected amount of sales revenue a company expects to earn over a specific period, often used for planning purposes.

Actual Sales

The real revenue generated from goods or services sold, measured within a specific period.

Implied Value

a value that is not directly stated but can be derived from given information through analysis or calculation.