Consider the following list of operating segments and segment assets for the current reporting period relating to Arwen Ltd, and answer the question below.

What is the minimum asset amount rounded to the nearest $1,000) that the Fast Food segment should have for that segment to be considered a reportable segment according to AASB 8?
A) $83,000
B) $106,000
C) $174,000
D) $184,000
E) None of the given answers.

Question

Consider the following list of operating segments and segment assets for the current reporting period relating to Arwen Ltd, and answer the question below.

What is the minimum asset amount rounded to the nearest $1,000) that the Fast Food segment should have for that segment to be considered a reportable segment according to AASB 8?
A) $83,000 
B) $106,000 
C) $174,000 
D) $184,000 
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of Consider the following list of operating segments and segment assets for the current reporting period relating to Arwen Ltd, and answer the question below.

What is the minimum asset amount rounded to the nearest $1,000) that the Fast Food segment should have for that segment to be considered a reportable segment according to AASB 8?
A) $83,000 
B) $106,000 
C) $174,000 
D) $184,000 
E) None of the given answers.

Consider the Following List of Operating Segments and Segment Assets