alleryStart learning →A segment meets only the profit test. Is it reportable?
ANo, all three needed
BNo, two tests needed
CYes, any one suffices
DYes, if auditor agrees
Answer & Solution
Correct answer: C. Yes, any one suffices
A segment meeting any one of the quantitative thresholds must be reported separately.
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Related questions
The core principle of Ind AS 108 is to help users evaluate the:Where equity-method investments sit in segment assets, the entity discloses:Which item is disclosed if in the decision maker's profit measure?Entities known to be under common control are treated, for major customers, as:Geographical non-current assets exclude:Geographical revenue must be shown for the country of domicile and:Which revenue must be reported for each product or service group?Entity-wide disclosures in paragraphs 32 to 34 apply to: