Reference no: EM132757003

Problem 1: PFRS#7 addresses which of the following?

a) The presentation of financial instruments as financial assets, financial liabilities or equity instruments.
b) The recognition and measurement of financial instruments.
c) The disclosures about the significance of financial instruments to the entity's financial position and performance and the nature and extent of risks arising from financial instruments to which the entity is exposed and how the entity manages those risks.
d) all of the above.

Operating Segments

Problem 2: Which of the following is not among the quantitative thresholds under PFRS #8?

a) At least 10% of total revenues (external and internal).
b) At least 10% of the higher of total profits of segments reporting profits and total losses of segments reporting losses, in absolute amount.
c) At least 10% of total assets (inclusive of intersegment receivables).
d) At least 10% of total external revenues.