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An entity has identified the following segments of its business. There are no sales made between the different segments. Segment 4 is the corporate centre and it does not generate any revenue. All of the segments have different economic characteristics. Segment 1 has revenue of 100,000, profit of 12,000 and assets of 50,000. Segment 2 has revenue of 60,000, profit of 8,000 and assets of 25,000. Segment 3 has revenue of 10,000, a loss of 2,500 and assets of 5,000. Segment 4 has assets of 10,000 but no revenue or profit. Which, as a minimum, of the segments are reportable under IFRS 8?
1, 2 and 4 onlyAll of them
1, 2 and 3 only
1 and 2 only
sir i solved and get answer 1and 2 only (option D)
is i am correctI make it option 3, segments 1, 2 and 3
I have included segment 3 because its loss represents 100% of combined losses made by the segments.
So what does the answer say?
sir but segment three only pass test 3 the other two tests are failed and overall it is not reportable because it fais 2 out of 3 tests
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