A company's issued share capital is 2 million, comprising four million ordinary shares of 25p each and
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A company's issued share capital is £2 million, comprising four million ordinary shares of 25p each and one million 8% preference shares of £1. An extract from the company's statement of comprehensive income for the year to 31 March 2020 is as follows:
(a) Explain why the users of financial statements may find a segment report useful.
(b) Identify the entities which lie within the scope of IFRS8 Operating Segments and which must therefore prepare a segment report.
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a The users of financial statements may find a segment report useful because it provides further ins...View the full answer
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