alleryStart learning →Segment profits total Rs 90 lakh, losses Rs 150 lakh. A segment earning Rs 14 lakh passes the profit test?
AYes, over 10% of 90
BYes, profit passes
CNo, bar is Rs 9 lakh
DNo, bar is Rs 15 lakh
Answer & Solution
Correct answer: D. No, bar is Rs 15 lakh
The base is the greater absolute figure, Rs 150 lakh, so the threshold is Rs 15 lakh and Rs 14 lakh falls short.
Keep practising Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments
Browse all Ind AS 24 Related Party Disclosures and Ind AS 108 Operating Segments questions for CA Final, or explore more Financialreporting topics.
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: