Question 4 [10 marks] a ii) b) Division Reporting Reason Segment? (Yes or No) Mining Food Hotels Travel Supporting workings and reasoning: Focus Eo E - + 110% Page 3 of 5 220 words X English (Australia) Accessibility: Investigate Aa FEB 21 MacBook Airdollar) (Show all workings) (Narrations are required) mitted Funct Question 4 [10 marks] ulator (a) For each of the following material after-reporting-period events of Naval Lid state whether adjustment or disclosure is required in the 30 June 2023 financial statements. Give your reason(s). Any If adjustment is required, state the nature of the adjustment. lator (i) 26 July 2023: one of the company's four offices was damaged by a flood. Insurance will not cover the cost of repairs, estimated at $500,000. (2 marks) e pho (ii) 30 July 2023: a debtor owing $200 000 was declared insolvent. The debtor had not made any payments in the last four months and half of the debt had already been treated as doubtful debt at year end. (2 marks) M Al (b) The internal reports of Naval Led reveal the following divisional information for year ending 30 June 2023: Revenue you Segments (all external) Profit/(Loss) Assets Liabilities am, Mining 100 000 (57 000) 61 000 40 000 . G Food 13 000 (7 000) 31 000 18 000 Ald Hotels 12 000 2 000 14 000 7 000 Travel 17 000 3 000 41 000 20 000 142 000 (59 000) 147 000 85 000 Use the materiality criterion in AASB 8 Operating Segments to determine which of the divisions are reporting business segments. Show all supporting information clearly identifying why. (6 marks)