alleryStart learning →A segment reportable last year, now below thresholds but still significant, is:
AReported net of tax
BDropped altogether
CStill reported separately
DMoved to all other
Answer & Solution
Correct answer: C. Still reported separately
If management judges the segment to be of continuing significance, it continues to be reported separately.
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: