alleryStart learning →Revenue Rs 400 lakh; segments cover Rs 310 lakh. More segments needed?
ANo, 77.5% beats 75%
BYes, 77.5% is under 100%
CYes, 77.5% is under 90%
DNo, 50% is enough
Answer & Solution
Correct answer: A. No, 77.5% beats 75%
Rs 310 lakh is 77.5% of Rs 400 lakh, above the 75% minimum, so no further segments are required.
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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: