17 points QUESTION 1 Glorious Food Ltd has 3 business segments: Baby Product, Farm Food and Holiday Food. The business segment information for the year ended 30 June 2020 is given as follows: Revenue ($) Segment Total External Internal Profit/(Loss) ($) Assets (5) Baby Product 1 090 000 920 000 170 000 320 000 2 100 000 Farm Food 132 000 90 000 42 000 (20 000) 250 000 Holiday Food 118 000 87 000 31 000 (70 000) 450 000 Total 1 340 000 1 1 097 000243 000 230 000 2 800 000 Required: a) Calculate the reporting thresholds for revenue, results and assets according to AASB 8 Operating Segments. Show all your workings. A table is not required. (5 marks) b) Using your calculations in a) above, discuss which segments are reportable operating segments and explain the reason why, according to AASB 8 Operating Segments. Provide an overall conclusion in your answer. (9 marks) c) Calculate and explain whether the 75% revenue benchmark test has been satisfied. Include workings in your answer. (3 marks) 10pt V := For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BI y Paragraph Open Sans,s... X* X, ET TI + + 2 V . G Q a 5 ES . ROS TT 199 49 92 e .. x AR + | E53 +B H 8 | G} Save All Answers Save and Sub Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacBook Air Po BRA