AASB 8 allows reportable segments to be combined as a single reportable business or geographical segment if: (a)they exhibit similar long-term financial performance; and (b)they are similar in all of the appropriate factors identified in the Standard in relation to segment revenues,expenses,assets and liabilities:
Correct Answer:
Verified
Q3: AASB 8 bans the disclosure of segments
Q4: AASB 8 identifies five factors that are
Q7: Segment information may be useful to investors
Q8: AASB 8 Operating Segments requires an entity
Q9: If a financial report contains both the
Q11: Two or more operating segments may be
Q17: Research has shown that companies only provide
Q20: AASB 8 specifies that a geographical segment
Q20: Managers may choose to provide segment data
Q21: The following segment information relates to Tolkein
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