ot considered when determining whether an operating segment qualifies as a reportable segment?
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Which of the following is not considered when determining whether an operating segment qualifies as a reportable segment?
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- Which of the following items is not required to be reported in interim financial statements for each material operating segment?a. Revenues from external customers.b. Intersegment revenues.c. Segment assets.d. Segment profit or loss.Under IFRS 8, which of the following is not a criterion used to determine reportable segments? a. Segment assets b. Segment liabilities c. Segment Sales d. Operating profit or lossHow much is the minimum revenue for an operating segment to be classified as a reportable segment under IFRS 8, Operating Segments?
- To be a reportable segment, the segment profit or loss should be at least what amount?An entity shall disclose for each reportable segment a measure of all of the following, except A. Net assets B. Total liabilities if such amount is regularly provided to the chief operating decision-maker C. Total assets if such amount is regularly provided to the chief operating decision-maker D. Profit or lossThe following are required operating segment disclosure items, EXCEPT: Segment cash flows None of the listed choices Segment Liabilities Segment profit or loss Segment assets
- What method of determining operating income is required under GAAP for financial statement distribution to external users?Topic: Operating Segments Requirements: (Show Solutions) a. Identify the reportable segments under the quantitative thresholds of PFRS 8. b. Determine whether the reportable segments meet the limit on external revenues under PFRS 8. c. Determine the minimum amount of revenue that warrants disclosure of a major customer.Which of the following operating segment disclosures is not required under current U.S. accounting guidelines?a. Liabilitiesb. Interest expensec. Intersegment salesd. Unusual items
- Which of the following items is required to be disclosed by geographic area?a. Total assets.b. Revenues from external customers.c. Profit or loss.d. Capital expenditures.Which of the following elements of financial statements is most closely related to companyperformance?a. assetsb. liabilitiesc. expensesThe following statements relate to analysis of expenses in the income statement based on either the nature ofexpenses or their function within the entity. Which statement is incorrect?I. An entity classifying expenses by function shall disclose additional information on the nature ifexpenses including depreciation, amortization expenses and employee benefit cost.II. PAS 1 requires the use of the cost of sales method because this presentation often provides morerelevant information to users than the nature of expense method. a. I onlyb. II onlyc. Both I and IId. Neither I nor II