alleryStart learning →Entity revenue Rs 1,000 lakh; segments cover Rs 700 lakh. What follows?
ANothing more needed
BSegments get merged
CReporting is stopped
DMore segments are added
Answer & Solution
Correct answer: D. More segments are added
Reportable segments must cover at least 75% of entity revenue, which is Rs 750 lakh, so more segments are added.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
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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: