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what kind of information needed? 31, 2016? Q.No.4: Tasneem Mills Limited is one of the most popular, largest and vertically integrated textile companies of Pakistan,
what kind of information needed?
31, 2016? Q.No.4: Tasneem Mills Limited is one of the most popular, largest and vertically integrated textile companies of Pakistan, having five operating segments. Following information pertains to the financial year ended June 20, 2019. . *000' Operating Internal External Total Profit/ Assets Liabilities Segments Revenue Revenue Revenue (Loss) Spinning 285,000 5,287,500 5,572,000 1,455,000 1,500,000 975,000 Weaving 615,000 615,000 (165,000) 330,000 300,000 Dyeing 2,250,000 2,250,000 607,500 1,545,000 937,500 Home Textile 262,500 262,500 75,000 562,500 450,000 Garments 285,000 675,000 960,000 (472,500) 375,000 187,500 832,500 8.827,500 9,660,000 1,500,000 4,312,500 2,850,000 Required: In the light of IFRS 8 - Operating segments, identify which of the operating segments of Tasneem Mills Limited should be and should not be treated as 'reportable segments'. Explain with reasons Step by Step Solution
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