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CIMA Exam CIMAPRA19-F02-1 Topic 1 Question 88 Discussion

Actual exam question for CIMA's CIMAPRA19-F02-1 exam
Question #: 88
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

Contribute your Thoughts:

Noel
3 days ago
Hmm, I think it's true, but wait - did they say 'or' instead of 'and'? I'm not sure now.
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Aleta
5 days ago
False, I'm pretty sure it's 10% of revenue/profits/assets, not 15%. This exam is tricky!
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Olene
9 days ago
True, that's the standard for reportable segments as per the accounting standards. Easy question!
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