The following segment information relates to Tolkein Enterprises: Applying the tests for identifying a reportable segment in accordance with AASB 8,which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?
A) Reportable segments: Mechanical engineering and retailing, 75 per cent test satisfied. No
B) Reportable segments: Industrial manufacturing, mechanical engineering and retailing; 75 per cent test satisfied. Yes
C) Reportable segments: Project consulting, mechanical engineering and retailing; 75 per cent test satisfied. Yes
D) Reportable segments: Industrial manufacturing, project consulting, mechanical engineering and retailing; 75 per cent test satisfied. No
E) None of the given answers.

Question

The following segment information relates to Tolkein Enterprises:  Applying the tests for identifying a reportable segment in accordance with AASB 8,which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?
A) Reportable segments: Mechanical engineering and retailing, 75 per cent test satisfied. No 
B) Reportable segments: Industrial manufacturing, mechanical engineering and retailing; 75 per cent test satisfied. Yes 
C) Reportable segments: Project consulting, mechanical engineering and retailing; 75 per cent test satisfied. Yes 
D) Reportable segments: Industrial manufacturing, project consulting, mechanical engineering and retailing; 75 per cent test satisfied. No 
E) None of the given answers.

Quizplus · Accepted Answer

The Answer of The following segment information relates to Tolkein Enterprises:  Applying the tests for identifying a reportable segment in accordance with AASB 8,which of the above segments qualify for reporting and do the segments satisfy the 75 per cent test?
A) Reportable segments: Mechanical engineering and retailing, 75 per cent test satisfied. No 
B) Reportable segments: Industrial manufacturing, mechanical engineering and retailing; 75 per cent test satisfied. Yes 
C) Reportable segments: Project consulting, mechanical engineering and retailing; 75 per cent test satisfied. Yes 
D) Reportable segments: Industrial manufacturing, project consulting, mechanical engineering and retailing; 75 per cent test satisfied. No 
E) None of the given answers.

The Following Segment Information Relates to Tolkein Enterprises: Applying