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Segment reporting involves dividing the profit, assets and liabilities in a companys consolidated financial statements into operating segments that are determined by a strict mathematical

Segment reporting involves dividing the profit, assets and liabilities in a companys consolidated financial statements into operating segments that are determined by a strict mathematical formula set out in standard AASB 8. All these operating segments are then disclosed in the companys segment report. (a) True or false?

(b) Give brief reasons for your answer

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