alleryStart learning →If earlier periods are not restated after a segment change, what must be shown in that year?
ABoth old and new bases
BOnly the new basis
COnly the old basis
DNothing further needed
Answer & Solution
Correct answer: A. Both old and new bases
The entity discloses current-period segment data on both the old and new bases of segmentation unless information is unavailable and costly.
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: