Under IFRS 8, which of the following criteria is NOT considered by all segments that are considered reportable business segments?
A)The segment must have revenue that is one-tenth or more of combined revenue.
B)The segment must have profit that is 10% or more of combined profit of all segments with profit.
C)The segment must have revenue that is more than half from external sources.
D)The segment must have assets that are 10% or more of combined segment assets.

Question

Quizplus · Accepted Answer

Under IFRS 8, the criteria for a segment to be considered reportable include having 10% or more of the entity's revenues, profits, or assets. The requirement that a segment must have more than half of its revenue from external sources is not a criterion for determining reportable segments under IFRS 8.

Under IFRS 8, Which of the Following Criteria Is NOT