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

Actual exam question for CIMA's CIMAPRA19-F02-1 exam

Question #: 88
Topic #: 1

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?

ATrue

BFalse

Show Suggested Answer

Suggested Answer: B

by Florinda at May 20, 2024, 01:41 AM

Limited Time Offer

25%

Off

Get Premium CIMAPRA19-F02-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Lavonda

6 months ago

Haha, the exam committee is clearly trying to 'segment' the candidates with this question. I see what they did there.

upvoted 0 times

Rutha

5 months ago

Exactly, the total of these separately reportable segments must cover 80% of total revenue. So, I would go with A) True.

upvoted 0 times

...

Kanisha

5 months ago

I think it's true because each segment must be separately reportable if it exceeds 15% of revenue / profits / assets.

upvoted 0 times

...

Kate

5 months ago

B) False

upvoted 0 times

...

Lizette

5 months ago

A) True

upvoted 0 times

...

Fatima

6 months ago

Wait, is this the question about segmentation or the one about impairment testing? I'm so confused!

upvoted 0 times

Doretha

6 months ago

B) False

upvoted 0 times

...

Mammie

6 months ago

I think it's true because operating segments need to be separately reportable if they exceed 15% of revenue / profits / assets.

upvoted 0 times

...

Huey

6 months ago

A) True

upvoted 0 times

...

Dominque

6 months ago

This is a classic trick question. I bet the answer is False, just to catch us out.

upvoted 0 times

Chandra

5 months ago

B) False

upvoted 0 times

...

Zena

6 months ago

I think it's False too. Let's go with that.

upvoted 0 times

...

Talia

6 months ago

B) False

upvoted 0 times

...

Tamala

6 months ago

A) True

upvoted 0 times

...

Noel

6 months ago

Hmm, I think it's true, but wait - did they say 'or' instead of 'and'? I'm not sure now.

upvoted 0 times

...

Aleta

7 months ago

False, I'm pretty sure it's 10% of revenue/profits/assets, not 15%. This exam is tricky!

upvoted 0 times

Stephaine

5 months ago

B) False

upvoted 0 times

...

Troy

5 months ago

Actually, it's 10% not 15%.

upvoted 0 times

...

Bernardine

5 months ago

A) True

upvoted 0 times

...

Edwin

6 months ago

B) False

upvoted 0 times

...

Marvel

6 months ago

B) False

upvoted 0 times

...

Jutta

6 months ago

A) True

upvoted 0 times

...

Andree

6 months ago

A) True

upvoted 0 times

...

Olene

7 months ago

True, that's the standard for reportable segments as per the accounting standards. Easy question!

upvoted 0 times

Vernell

6 months ago

True, it is indeed the standard for reportable segments.

upvoted 0 times

...

Vernell

6 months ago

A) True

upvoted 0 times

...