Asked by Diana Richardson on May 21, 2024
Verified
At least 75% of an organization's consolidated external revenues are disclosed by separate operating segments. The remaining segments do not meet any of the reportable segment thresholds. Which of the following is true about the remaining segments?
A) They must still be reported as separate segments.
B) They can be combined only if they have similar economic characteristics.
C) They can be combined only if the segments are horizontally or vertically integrated.
D) They can be combined and classified as "other."
Operating Segments
Components of a business that engage in distinct economic activities, generating revenues and incurring expenses, whose results are reviewed regularly by the entity’s decision-makers.
Consolidated External Revenues
The total revenue generated by a parent company and its subsidiaries, excluding transactions among them, reported in the consolidated financial statements.
- Decode the benchmarks for specifying reportable segments within the scope of IFRS 8.
Verified Answer
Learning Objectives
- Decode the benchmarks for specifying reportable segments within the scope of IFRS 8.
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