Under AASB 8, two or more operating segments may be aggregated into a single operating segment if aggregation is consistent with the core principle of the standard, the segments have similar economic characteristics, and the segments are similar in each of the following respects:
I. the nature of the production processes
II. the markets in which the products are sold are closely related
III. the type or class of customer for their products and services
IV. the nature of the regulatory environment
A) I, II and III only;
B) I, III and IV only;
C) I, II and IV only;
D) II, III and IV only.
Correct Answer:
Verified
Q1: Which of the following statements is incorrect?
AASB
Q2: Complete the following sentence:
-
AASB 8 Operating Segments
Q2: For financial reporting periods commencing prior to
Q3: AASB 8 Operating Segments applies to:
I. public
Q7: Additional segments must be identified as reportable
Q8: If an entity presents both consolidated financial
Q8: Under AASB 8 all entities to which
Q11: AASB 8 Operating Segments is primarily a:
A)
Q12: A key objective of providing financial reporting
Q15: Bloomsville Ltd has a board of directors
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