CAF-6 · Chapter 6 · Question 15 of 15
Which of the following entities are REQUIRED to apply IFRS 8?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: B) All entities whose debt or equity instruments are traded in a public market (or are in the process of doing so).
Explanation
IFRS 8 applies to the separate or individual financial statements of an entity (and the consolidated financial statements of a group) whose debt or equity instruments are traded in a public market.
More IFRS 8 Operating Segments MCQs
- Q2What is meant by the 'Chief Operating Decision Maker' (CODM) in IFRS 8?
- Q3A segment is 'Reportable' if its reported revenue (including inter-segment sales) is what percentage or more of the combined revenue of…
- Q4In addition to the revenue test, a segment is reportable if the absolute amount of its reported profit or loss is 10% or more of the…
- Q5If the total external revenue reported by reportable segments constitutes less than what percentage of the entity's total revenue…
- Q6Two or more operating segments may be aggregated into a single operating segment if they have similar economic characteristics and are…