CAF-6 · Chapter 6 · Question 5 of 15
If the total external revenue reported by reportable segments constitutes less than what percentage of the entity's total revenue, additional reportable segments must be identified?
Test yourself: pick an answer
Reveal answer & explanation
Correct answer: C) 75%
Explanation
IFRS 8 requires that at least 75% of the entity's total external revenue must be included in reportable segments.
More IFRS 8 Operating Segments MCQs
- Q7Which of the following must be disclosed for each reportable segment under IFRS 8?
- Q8An entity must disclose information about 'Major Customers' if revenues from transactions with a single external customer amount to what…
- Q9How should an entity handle segments that do not meet any of the 10% thresholds?
- Q10If an entity has a matrix organizational structure where several managers are responsible for different facets of the business, who is the…
- Q11IFRS 8 uses a specific approach for segment reporting. What is this approach called?