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Cherry Group Has Operating Segments in Three Different Locations \bullet Melbourne $400 000

Question 2

Multiple Choice

Cherry Group has operating segments in three different locations. Total assets for each segment are as follows:
\bullet Melbourne $400 000
\bullet Sydney $80 000
\bullet Adelaide $20 000
Which operating segment(s) should be disclosed as reportable segment(s) of Cherry Group?


A) All segments are reportable segments;
B) Melbourne and Sydney are the only reportable segments;
C) Sydney and Adelaide are the only reportable segments;
D) Melbourne is the only reportable segment.

Correct Answer:

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