Asked by Yania Isabel Romero on Jul 02, 2024
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Based on the information provided below, which business unit(s) should be identified as Viewing Ltd's operating segment(s) ? Chidi Eleanor Jason Can the component generate revenue and incur expenses from its business activities? Yes Yes Yes Are the component’s operating results regularly reviewed by the CODM? Yes Yes No Is discrete financial information available for the component? No Yes Yes \begin{array}{|l|c|c|c|}\hline & \text { Chidi } & \text { Eleanor } & \text { Jason } \\\hline \begin{array}{l}\text { Can the component generate revenue } \\\text { and incur expenses from its business } \\\text { activities? }\end{array} & \text { Yes } & \text { Yes } & \text { Yes } \\\hline \begin{array}{l}\text { Are the component's operating results } \\\text { regularly reviewed by the CODM? }\end{array} & \text { Yes } & \text { Yes } & \text { No } \\\hline \begin{array}{l}\text { Is discrete financial information } \\\text { available for the component? }\end{array} & \text { No } & \text { Yes } & \text { Yes } \\\hline\end{array} Can the component generate revenue and incur expenses from its business activities? Are the component’s operating results regularly reviewed by the CODM? Is discrete financial information available for the component? Chidi Yes Yes No Eleanor Yes Yes Yes Jason Yes No Yes
A) Chidi only.
B) Jason only.
C) Eleanor only.
D) Chidi and Jason.
Operating Results
The financial outcomes derived from a company's regular, core business operations, excluding any extraordinary items or revenues from investments.
Discrete Financial Information
Financial data that is separate and distinct, not continuous, often referring to specific reporting periods.
Generate Revenue
The process of creating income for a business through its operations, such as selling goods or providing services.
- Ascertain the critical determinants for the classification of an entity's reporting segments.
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Learning Objectives
- Ascertain the critical determinants for the classification of an entity's reporting segments.
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