Multiple Choice
Under AASB 8 the following factors are relevant to deciding if a segment is a reportable segment:
I. the majority of segment revenues arise from external transactions
II. Isegment sales revenue to external customers and other segments is 10% or more of total segment revenue for all segments
III. absolute amount of segment profit is more than 10% of the greater of (a) the aggregate segment profit for all segments with a negative segment profit (segment loss) and (b) the aggregate segment profit for all segments with a positive segment profit
IV. the segment's assets are more than 10% of total assets for all segments
A segment is a reportable segment if the following tests are satisfied:
A) II and III only
B) I and at least one of II, III and IV
C) any one of II, III and IV
D) one only of I, II, III and IV
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Under AASB 8 we must always report
Q2: Under AASB 8 income tax expense:<br>A)is never
Q3: Which of the following is not listed
Q5: Under AASB 8 information must always be
Q6: Gains on the sale of investments only
Q7: In preparing segment information, different accounting policies
Q8: Under AASB 8:<br>A)disclosure is required of both
Q9: Under AASB 8 the objective is to
Q10: Under AASB 8 segment profit is the
Q11: It is possible to classify segments