Asked by Erick Varela on Jun 07, 2024
Verified
There is certain information that reportable segments are required to disclose only if that information is regularly reviewed by the chief operating decision-maker. Which of the following must be disclosed even if it is not regularly reviewed by the chief operating decision-maker?
A) Measure of profit/loss
B) Amortization and depreciation
C) Income tax expense/benefit
D) Interest revenue and expense
Chief Operating Decision-maker
An individual or group within an organization responsible for making strategic decisions affecting the company's financial performance and operations.
Profit/Loss
The financial result of an entity's operating and non-operating activities over a specific period, indicating net earnings or losses.
- Ascertain the critical information that must be disclosed for operating segments pursuant to IFRS 8 standards.
Verified Answer
SW
Shay-La WinnsJun 12, 2024
Final Answer :
A
Explanation :
The measure of profit/loss is a required disclosure for reportable segments regardless of whether it is regularly reviewed by the chief operating decision-maker. The other options listed may only need to be disclosed if they are regularly reviewed by the chief operating decision-maker.
Learning Objectives
- Ascertain the critical information that must be disclosed for operating segments pursuant to IFRS 8 standards.
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