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- IFRS 8 – Operating Segments 0%
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Question 1 of 9
1. Question
Which of the following shall an entity disclose if it has changed the structure of its internal organisation in a manner that causes the composition of its reportable segments to change, provided that the restatement of prior period information is impossible due to reasons specified by IFRS 8?
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Question 2 of 9
2. Question
An entity shall report the revenues from external customers for each product and service, or each group of similar products and services, only if this information is provided as part of the reportable segment information required by this IFRS.
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Question 3 of 9
3. Question
According to IFRS 8, which of the following geographical information an entity is not required to report on?
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Question 4 of 9
4. Question
What shall an entity disclose if revenues from transactions with a single external customer amount to 10 per cent or more of an entity’s revenues?
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Question 5 of 9
5. Question
An entity Y has 3 segments: A, B and C. The revenue for A, B and C for the reporting period is $20 million, $9 million and $3,5 million respectively. These amounts include $0,6 million of intersegment revenue from C to B and $0,4 million of revenue from C’ external customers. Shall Y report separately information about segment C?
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Question 6 of 9
6. Question
An entity X has 3 reportable segments: A, B and C. The revenue for segments A, B and C for the reporting period is $5 million, $6.5 million and $4.5 million respectively. These amounts include $1.3 million of intersegment revenue from B to A. There is also $2.4 million of other revenues not allocated to any segment. What amount of revenue should X report on?
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Question 7 of 9
7. Question
An entity A has 4 significant business lines which constitute 70% of combined revenue. In addition, the entity has 4 small business lines which constitute 30% of combined revenue. Which of the following is not a correct approach for entity A to report on its segments according to IFRS 8?
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Question 8 of 9
8. Question
An entity Z has 2 segments: A and B. The revenue for segments A and B revenue for the reporting period is $63 million and $11 million respectively. However, the amount of revenue attributable to segment B does not include $4 million of intersegment sales to A. Which of the following formula should the entity Z apply in order to assess whether B is a reportable segment?
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Question 9 of 9
9. Question
An entity X has two reportable segments: A and B. Carrying amount of X’s non-current assets is $1,200, out of which 500 is allocated to A and the rest is allocated to B. Recoverable amount of A’s non-current assets is $520 and B’s — $650. What amount of impairment loss should the entity report on?
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