Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. 1. focus bhd has four main business segments. the

1. Focus Bhd has four main business segments. The reportable operating segments are hiring business,...

80.2K

Verified Solution

Question

Accounting

image
1. Focus Bhd has four main business segments. The reportable operating segments are hiring business, consultation service, travel agency and accommodation. The results of the segments for the year ended 31 December 2020 are as follows: Assets Liabilities Revenue Internal External RM' million RM' million Hiring 40 5 Consultation 50 5 Travel agency 55 Accommodation 30 10 Result Profit or Loss RM' million 10 8 30 6 RM' million 60 45 30 20 RM' million 12 13 5 10 Required: i. Determine which segments should constitute a reportable segment under MFRS 8. ii. Based on the answer (0), explain whether the 75% revenue constraint is met from the identifiable reportable segment. (10 marks) (CLO3:PLO2:c5)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students