AASB 8 requires that:
A) Reportable segments must individually constitute less than 75 per cent of the entity's total revenues.
B) The total revenues attributable to the reportable segments must be equal to or greater than 75 per cent of the entity's total revenues.
C) The total external revenues attributable to reportable segments must equal at least 75 per cent of the entity's total revenues.
D) The sum of the individual reportable segment's profits or losses must be equal to or greater than 75 per cent of the entity's absolute amount of profit or loss.

Question

Quizplus · Accepted Answer

According to AASB 8, the total external revenues attributable to reportable segments must be equal to or greater than 75 per cent of the entity's total revenues. This means that the entity must disclose information about segments that generate significant amounts of revenue and that the combined total of these segments should be significant in relation to the whole entity's revenue. The other options - A, B, and D - are incorrect because they do not reflect the requirements of AASB 8.

AASB 8 Requires That