Which of the following statements most accurately reflects the position of AASB 8?
A)for a segment, interest expense must never be reported
B)for a segment, interest expense is only reported to the extent that it is reported internally
C)for a segment, interest expense must always be reported
D)for a segment, interest expense can only be reported if the associated liabilities are also reported

Question

Quizplus · Accepted Answer

AASB 8 requires that interest expense be reported for a segment, but only to the extent that it is reported internally. This means that if the segment manager receives information on interest expense incurred by the segment, it should be reported in the segment disclosure, but if no such information is available or tracked, then interest expense need not be reported.

Which of the Following Statements Most Accurately Reflects the Position