According to IFRS 8 (Segment Reporting),which is not one of the three criteria for defining an operating segment?
A)An operating segment can't merely be a lessor.
B)An operating segment is a component of a business that generates revenues.
C)An operating segment is a component of a business whose operating results are regularly reviewed by the chief operating officer.
D)An operating segment has separate financial information available.

Question

Quizplus · Accepted Answer

While IFRS 8 outlines three criteria for defining an operating segment, which include generating revenues, having separate financial information available, and being regularly reviewed by the chief operating officer, it does not state that an operating segment cannot merely be a lessor.

According to IFRS 8 (Segment Reporting),which Is Not One of the Three