Exam 25: Segment Reporting

Consider the following list of operating segments and segment assets for the current reporting period relating to Arwen Ltd,and answer the question below. What is the minimum asset amount rounded to the nearest $1,000)that the Fast Food segment should have for that segment to be considered a reportable segment according to AASB 8?

The guidelines to determine that a segment is reportable in accordance with AASB 8 "Operating Segments" includes:

AASB 8 "Operating Segments" requires reconciliation of total reportable segment revenues,total profit or loss,total assets,total liabilities and other amounts disclosed for reportable segments to the corresponding amounts shown in the parent entity's separate financial statements.

Situations in which aggregated data may be sufficient to evaluate the performance of an entity include:

AASB 8 specifies that a geographical segment cannot include more than two countries:

The following information relates to Baggins Ltd and its Bilbo segment. In accordance with AASB 8 "Operating Segment",in which years is the Bilbo segment a reportable?

AASB 8 requires reconciliation of reported segments' amounts to the entity's reported amount for which of the following items?

The guidelines for determining that a segment is reportable in accordance with AASB 8 includes:

Gandulf Ltd provides the following segment information: Which of the segments are reportable applying only the segment asset test?

In accordance with AASB 8 an operating segment is a component of an entity:

Managers may choose to provide segment data voluntarily because:

Consider the following list of operating segments and segment results for the current reporting period relating to Legolas Ltd,and answer the question below. What is the minimum loss (rounded to the nearest $1,000)that the Publishing segment could have made for that segment to be considered a reportable segment according to AASB 8?

AASB 8 requires a number of reconciliations to be presented,including:

AASB 8 requires that:

The following information relates to Aragorn Ltd and its Mordor segment. In which years would the Mordor segment be classified as a reportable segment according to AASB 8?

Segment expenses as not including:

In accordance with AASB 8"Operating Segments",which of the following statements is incorrect?

AASB 8 bans the disclosure of segments that do not pass the "10 per cent test".

Examples of liabilities not considered liabilities of a manufacturing segment by AASB 114 include:

In the situation where an entity has invested in segments that are diverse: