In the reporting of segment revenue data:
A) intra-segment revenue is eliminated as part of the consolidation process so that only sales revenue derived from sales to external customers is reported.
B) an entity must disclose the segment revenue for each reportable segment, although total intra-segment revenue may be disclosed as a lump sum for all segments.
C) an entity must disclose the segment revenue for each segment, with revenue from external customers and intra-segment revenue reported separately.
D) none of the above.
Correct Answer:
Verified
Q2: The aim of segment reporting is to
Q3: The definition of operating segments requires recognition
Q4: Based on the business segments determined
Q5: The management approach to identifying segments will
Q6: A segment which does not reach any
Q7: How might management be able to conceal
Q8: The major argument against supplying segment information
Q9: A segment that does not meet any
Q10: Based on the business segments determined
Q11: Under Accounting Standard AASB 8 Operating Segments,segments
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