alleryStart learning →The 10 per cent thresholds are intended as a guide only for what?
AValuing closing inventory
BIdentifying reportable segments
CJudging materiality generally
DChoosing audit sample sizes
Answer & Solution
Correct answer: B. Identifying reportable segments
The cutoffs are not a general materiality yardstick and serve only for picking reportable segments.
Keep practising AS 17 Segment Reporting
Browse all AS 17 Segment Reporting questions for CA Inter, or explore more Accounting topics.
Related questions
Segment result includes interest expense. Segment liabilities then include what?Each business segment must be described by indicating what?A change in how revenues and expenses are allocated to segments leaves what unchanged?A material segment policy change needs nature and what else?On what basis are inter-segment transfers measured?If geography is primary, what is reported for large business segments?With business segments primary, which geographical segments need secondary revenue data?The reconciliation ties segment result to which enterprise item?