The guidelines for determining that a segment is reportable in accordance with AASB 8 includes:
A) The segment's equity is equal to or greater than 10 per cent of the total segment equity.
B) The expenses of the segment that relate to external sales are equal to or greater than 10 per cent of total segment expenses.
C) The segment's revenues are 10 per cent or more of the total segment revenues.
D) The expenses of the segment that relate to external sales are equal to or greater than 10 per cent of total segment expenses and the segment's revenues are 10 per cent or more of the total segment revenues.

Question

Quizplus · Accepted Answer

According to AASB 8, a segment is reportable if its revenues are 10% or more of the total segment revenues. None of the other options are correct, as AASB 8 does not require a certain level of equity or expenses to determine reportability.

The Guidelines for Determining That a Segment Is Reportable in Accordance