Examine Note 27 to Brookfield's financial statements and answer the following questions on segmented information: a. Identify
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a. Identify the business segments in which Brookfield operates. Which segment has the most revenues? Which has the most assets? Which has the most income?
b. Identify the geographic segments that Brookfield reports in Note 27. Which segment has the most revenues? Which has the most assets? Why do you think segment income information isn't provided for the geographic segments?
c. Why is segment disclosure required under IFRS? As a user of Brookfield's annual report, how would your ability to use the financial statements be impaired by not having the segmented information?
d. What are the limitations of Brookfield's segment disclosure?
Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...
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