alleryStart learning →Entities known to be under common control are treated, for major customers, as:
AA single customer
BSegment managers
CRelated parties only
DSeparate customers
Answer & Solution
Correct answer: A. A single customer
A group of entities under common control known to the reporting entity is considered a single customer.
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?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:The internal structure changes so reportable segments change. Earlier periods are: