alleryStart learning →A start-up unit that has not yet earned revenue can be:
AAlways excluded
BOnly an all other item
CAn operating segment
DOnly geographical data
Answer & Solution
Correct answer: C. An operating segment
A component may be an operating segment before it earns revenue if it engages in activities from which it may earn revenue.
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: