alleryStart learning →Do entity-wide disclosures apply to an entity with only one reportable segment?
ANo, they do not apply
BYes, they do apply
COnly if it sells abroad
DOnly if it is listed
Answer & Solution
Correct answer: B. Yes, they do apply
Paragraphs 32 to 34 apply to all entities in scope, including those with a single reportable segment.
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: