Solved

The Following Segment Information Is Presented for Hobbitt Ltd Which Segments Are Reportable According to the Guidelines Provided in

Question 46

Multiple Choice

The following segment information is presented for Hobbitt Ltd:  Business segment  Segment revenue ($000)  Segment result ($000)  Segment assets ($000)  Retailing 200095014500 Light manufacturing 900(60) 2000 Mining 800(570) 3000 Marine transport 5900187015060 General insurance 40085440 Total 10000227535000\begin{array} { | l | r | r | r | } \hline \text { Business segment } & \begin{array} { l } \text { Segment revenue } \\( \$ 000 ) \end{array} & \begin{array} { l } \text { Segment result } \\( \$ 000 ) \end{array} & \begin{array} { l } \text { Segment assets } \\( \$ 000 ) \end{array} \\\hline \text { Retailing } & 2000 & 950 & 14500 \\\hline \text { Light manufacturing } & 900 & ( 60 ) & 2000 \\\hline \text { Mining } & 800 & ( 570 ) & 3000 \\\hline \text { Marine transport } & 5900 & 1870 & 15060 \\\hline \text { General insurance } & 400 & 85 & 440 \\\hline \text { Total } & 10000 & 2275 & 35000 \\\hline\end{array} Which segments are reportable according to the guidelines provided in AASB 8?


A) retailing, light manufacturing, mining, marine transport, general insurance
B) retailing, marine transport
C) light manufacturing, mining, marine transport, general insurance
D) retailing, mining, marine transport

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents