Aardvark Ltd is a catering company specialising in providing catering services to remote area mine sites. The
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Aardvark Ltd is a catering company specialising in providing catering services to remote area mine sites. The company has operations in Australia but during the current year it acquired significant long-term contracts in China and Japan. AASB 8/IFRS 8 Operating Segments requires entities to disclose material segment information but Aardvark Ltd has failed to comply with this requirement.
Required
Discuss whether the non-disclosure by Aardvark Ltd of information about operations in China and Japan would be material.
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Financial Reporting
ISBN: 9780730396413
4th Edition
Authors: Janice Loftus, Ken Leo, Sorin Daniliuc, Belinda Luke, Hong Nee Ang, Mike Bradbury, Dean Hanlon, Noel Boys, Karyn Byrnes
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