alleryStart learning →When must segment liabilities be reported?
AAlways, for every segment
BNever, for any segment
CIf CODM regularly gets them
DOnly for listed firms
Answer & Solution
Correct answer: C. If CODM regularly gets them
Total assets and liabilities are reported if such amounts are regularly provided to the CODM.
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: