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Identify reportable segments for external reporting

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Reference no: EM132757016

Problem 1: PFRS #8 requires which of the following approaches in identifying operating segments?

a) manager's approach               c) gentle but direct manager's approach
b) direct supervisor approach      d) management approach

Problem 2: ABC company operates in six geographical areas offering three major types of products and services. Internal reports are structured based on the major types of products and services. How should ABC Co., identify its reportable segments for external reporting in accordance with PFRS #8?

a) Based on the six (6) geographical areas.
b) Based on the three (3) products and services
c) Based on quantitative threshold.
d) Based on the operating results of either the geographical areas or the products and services.

 

Reference no: EM132757016

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