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CIMAPRA19-F02-1 Exam - Topic 1 Question 68 Discussion

Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?
B) False
A) True

CIMAPRA19-F02-1 Exam - Topic 1 Question 68 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 68
Topic #: 1
[All CIMAPRA19-F02-1 Questions]

Operating segments are separately reportable where they exceed 15% of revenue / profits / assets. These must in total cover 80% of total revenue. Is this statement true or false?

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Suggested Answer: B

by Loreta at Mar 29, 2023, 09:50 PM

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Felice
8 months ago
Nope, it’s definitely true.
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Lanie
9 months ago
False, I thought it was 10% for segments.
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Misty
9 months ago
Wait, are you sure about the 80% part? Sounds off.
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Luisa
9 months ago
I agree, it’s all about that 15% threshold!
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Eladia
9 months ago
True, that's the rule for segment reporting.
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Krissy
9 months ago
I thought the statement was false because I remember there being some exceptions or different criteria for certain industries.
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Geoffrey
9 months ago
I recall that the 15% figure applies to revenue, profits, and assets, but I can't remember if they all need to be included for the 80% rule.
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Alex
9 months ago
I'm not entirely sure, but I feel like the 80% coverage rule is correct. It sounds familiar from practice questions.
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Cherry
10 months ago
I think the statement is true because I remember something about the 15% threshold for reporting segments.
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Paola
10 months ago
Okay, let me think this through. It's asking about configuring email alerts in PTA, so I'll need to focus on the PTA-specific utilities.
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Peggy
10 months ago
Hmm, I'm not entirely sure about this one. I'll need to think it through carefully. Maybe I should review the material on evidence management again.
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