What is the approach prescribed by pfrs

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Reference no: EM132805668

Problem 1: What is the approach prescribed by PFRS 8 in identifying an operating segment?

a. Management approach

b. Risks and rewards approach

c. Matrix approach

d. Geographical segment approach

Problem 2: An entity shall disclose information about an operating segment when

a. Its reported external and internal revenue is 10% or more of the combined external revenue of all operating segments

b. Its reported external revenue is 10% or more of the combined external and internal revenue of all operating segments

c. Its reported external revenue is 10% or more of the combined external revenue of all operating segments

d. Its reported external revenue is 10% or more of the combined internal revenue of all operating segments

Problem 3: What is the quantitative requirement for the revenue that must be reported by reportable operating segments?

a. The total external and internal revenue of all reportable segments is 75% or more of the entity external revenue.

b. The total external revenue of all reportable segments is 75% or more of entity external and internal revenue.

c. The total external revenue of all reportable segments is 75% or more of the entity external revenue.

d. The total internal revenue of all reportable segments is 75% or more of the entity internal revenue.

Reference no: EM132805668

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