Multiple Choice
The following information is provided for Gandalf LtD.
The only inter-segment sales within the entity are that the marine transport segment's revenues are 35 per cent from inter-segment sales and the light manufacturing segment has 60 per cent of its sales generated through inter-segment sales. Which segments are reportable according to the guidelines provided in AASB 114?
A) Business segments: Retailing, marine transport, general insurance; Geographical segments: Australia, US.
B) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, Europe, US.
C) Business segments: Retailing, light manufacturing, marine transport, general insurance; Geographical segments: Australia, US.
D) Business segments: Retailing, light manufacturing, mining, marine transport, general insurance; Geographical segments: Australia, Europe, US.
E) None of the given answers.
Correct Answer:
Verified
Correct Answer:
Verified
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